Latest news with #CertificateofOrigin
Business Recorder
2 days ago
- Business
- Business Recorder
Absence of Certificate of Origin: Hundreds of trucks stuck at Torkham border
ISLAMABAD: Over 750 vehicles, loaded with soapstone and coal, imported from Afghanistan have been stuck at Torkham border since last two weeks due to absence of Certificate of Origin, importers and officials confirmed. The officials deployed at Torkham said that they had been directed by the high-ups not to clear the soapstone and coal loaded vehicles, imported from across the border without presenting a Certificate of Origin (COO). The purpose of the imposition of fresh regulations implemented recently was to confirm the real origin of the product, they added. Torkham border reopened after 27 days The unexpected restriction introduced by the custom officials multiplied miseries of importers and other trading communities, clearing agents and transporters said. All Torkham Clearing Agents Association President Mujib Shinwari, while talking to Business Recorder on telephone, said that without their consultation, the Customs Department made mandatory the production of Certificate of Origin. He said that it was considered an obligatory document during the clearing process of soapstone and coal, imported from Afghanistan, stating it was unfair to the business community. The Customs officials should clear the stranded hundreds of loaded trucks through the previous clearing system and then convene a joint meeting of all the stakeholders to sort out an acceptable solution for the matter, he suggested. Shinwari, however, disclosed that earlier Customs Department had exempted vehicles from presenting such document. He maintained that sudden implementation of the new regulation will certainly suffer Pak-Afghan bilateral trading. Because of the new Customs rule, drivers of the stranded vehicles were badly suffering and most of them spent Eid-ul-Azha on the Landi-Kotal–Torkham road, he pointed out. Copyright Business Recorder, 2025
The Star
01-05-2025
- Business
- The Star
Cambodia takes measures to combat fraudulent US exports
The US has imposed tariffs of up to 3,500 per cent on Cambodian-manufactured solar panels. - Photo: Supplied PHNOM PENH: Starting from May 12, all Cambodian goods exported to the US must have a Certificate of Origin, which will be issued by the General Department of Trade Services under the Ministry of Commerce. Producers and exporters can request certificates of free of charge, according to an announcement issued by the ministry alongside an inter-ministerial prakas (proclamation). 'In cases where competent authorities of the importing country request verification, or when there is suspicion regarding the origin of goods, the General Department of Trade Services under the ministry and the General Department of Customs and Excise of Cambodia under the Ministry of Economy and Finance shall collaborate in joint investigations and may seek cooperation from relevant institutions,' said the inter-ministerial prakas. 'If it is found that a producer or exporter has committed offenses related to fraudulent declaration of goods' origin in any form, including offenses involving transshipment operations, they shall face penalties as stipulated in the relevant provisions of the Law on Rules of Origin and the Law on Customs,' it added. The measure follows the imposition of US tariffs exceeding 3,500 per cent on solar panels exported from Cambodia, although the measure, initiated based on complaints from various companies, has not yet taken effect. The US allege that companies exporting solar panels from Cambodia received substantial subsidies for production and engaged in 'dumping' practices in the US markets. - The Phnom Penh Post/ANN
