Use coupon code TOP15 on all courses

Link

Current Affairs

An Online Platform to Issue COO for Exporters-Launched Commerce Industry

Current Context: In order to have proper shipments amidst COVID-19, the Ministry of Commerce has launched an online platform that will help in carrying out the issuance process of mandatory documents required for exports to those countries with which India has made earlier trade agreements.
An Online Platform to Issue COO for Exporters-Launched Commerce Industry
  • Link of online platform: https://coo.dgft.gov.in.
  • Directorate General of Foreign Trade (DGFT) has made mandatory guidelines for an exporter to submit a certificate of origin (COO) at the landing port of the importing country. COO is an essential certificate required to prove that from where the goods come from. It is important to claim duty concessions under free-trade agreements.
  • The online platform has been designed as single-point access for all FTAs/Preferential trade agreements (PTA), for all designated COO issuing agencies and for all export products.

Static Part:

  • Commerce Minister: Piyush Goyal

Question:

Q.1 Which ministry launched an online platform to issue a Certificate of Origin (COO) for exporters?
a. Ministry of Consumer Affairs, Food and Public Distribution.
b. Ministry of Finance
c. Ministry of Commerce
d. Ministry of Corporate Affairs
An Online Platform to Issue COO for Exporters-Launched Commerce Industry An Online Platform to Issue COO for Exporters-Launched Commerce Industry Reviewed by Neha Verma on April 08, 2020 Rating: 5

No comments:

Join 8,000+ readers and get free notes in your email