Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Confederation of Nepalese Industries (CNI), and Nepal Chamber of Commerce (NCC) will be issuing Certificates of Origin (CoO) through online.
The NCC today organised a soft launch of the online system, whereas the FNCCI and CNI have already launched the system to make it easier for the exporters. CoO is necessary for the exporters to certify that the exportable products are originated from Nepal.
“Earlier, the traders had to wait for the office hours to issue the certificate,” NCC president Rajesh Kaji Shrestha said, adding that with the beginning of online system, the process can be completed within few hours during any time of the day.
“Though the online is yet to be integrated with payment mechanism, it will be collaborating with digital payment platforms like e-Sewa and Khalti soon,” according to Computer Association of Nepal (CAN) that has developed the online system of CoO for the FNCCI, CNI, and NCC. “The traders have to pay through banks and attach the voucher with the certificate for the time being.”
The private sector has hired staff to help traders with the system and the Ministry of Industry, Commerce and Supplies has also given them a month to get used to with the system. “From mid-August, using an online system will be mandatory to issue CoO, according to the ministry.
The system will also help the Department of Customs, Department of Industries, and central bank in checking the details on exports and transactions, Shrestha added, on the occasion.
According to the Ministry of Industry, Commerce and Supplies, the online system is a good step towards making paperless trade, and reduce hassles with no human face involved.
The Department of Customs – implementing a single-window system to facilitation trade and create business-friendly environment – has been integrating business processes with technology. The department has already been linked with 15 agencies in this integration process, and Vehicle Tracking Consignment System (VCTS) is one of its initiatives. The VCTS has been recently introduced as a trial for three months.
The NCC today organised a soft launch of the online system, whereas the FNCCI and CNI have already launched the system to make it easier for the exporters. CoO is necessary for the exporters to certify that the exportable products are originated from Nepal.
“Earlier, the traders had to wait for the office hours to issue the certificate,” NCC president Rajesh Kaji Shrestha said, adding that with the beginning of online system, the process can be completed within few hours during any time of the day.
“Though the online is yet to be integrated with payment mechanism, it will be collaborating with digital payment platforms like e-Sewa and Khalti soon,” according to Computer Association of Nepal (CAN) that has developed the online system of CoO for the FNCCI, CNI, and NCC. “The traders have to pay through banks and attach the voucher with the certificate for the time being.”
The private sector has hired staff to help traders with the system and the Ministry of Industry, Commerce and Supplies has also given them a month to get used to with the system. “From mid-August, using an online system will be mandatory to issue CoO, according to the ministry.
The system will also help the Department of Customs, Department of Industries, and central bank in checking the details on exports and transactions, Shrestha added, on the occasion.
According to the Ministry of Industry, Commerce and Supplies, the online system is a good step towards making paperless trade, and reduce hassles with no human face involved.
The Department of Customs – implementing a single-window system to facilitation trade and create business-friendly environment – has been integrating business processes with technology. The department has already been linked with 15 agencies in this integration process, and Vehicle Tracking Consignment System (VCTS) is one of its initiatives. The VCTS has been recently introduced as a trial for three months.
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