Updated on May 06, 2025 02:36:55 PM
The AIFTA Certificate for Myanmar is essential for businesses looking to leverage the benefits of the ASEAN-India Free Trade Agreement (AIFTA). This trade pact boosts economic ties between India and ASEAN nations like Myanmar. It does this by providing lower tax rates for eligible exporters and importers. Under the Free Trade Agreement between India and Myanmar, businesses need to follow the AIFTA Rules of Origin. This is required to get an AIFTA Certificate of Origin. This certificate proves that their goods meet the trade criteria of the agreement.
Securing the AIFTA Certificate can greatly improve trade for Myanmar businesses with India. The application process requires submitting essential documents, including product origin details, to authorized agencies for verification. Once approved, this certificate allows businesses to pay lower customs duties. This makes their goods more competitive in the Indian market. The India-Myanmar trade agreement under AIFTA encourages cross-border trade, fosters investment, and strengthens economic cooperation between the two countries.
Getting the certificate can be challenging. You need to meet documentation requirements and follow AIFTA Rules of Origin. With the right guidance, businesses can tackle these challenges and make the most of ASEAN-India trade relations. Exporters in Myanmar can lower costs and expand their market reach by securing the AIFTA Certificate. This helps boost trade and economic ties between India and Myanmar.
The AIFTA Certificate (ASEAN-India Free Trade Area Certificate of Origin) is an official document that serves to attest that the goods exported from India to the countries of ASEAN members are eligible for lower taxes under the framework of the ASEAN-India Free Trade Area Agreement (AIFTA). It also ensures products conform with rules of origin that allow for conformity to attract favorable customs tariffs, such as zero taxes. It is a document separately provided by authorized agencies in India and helps reduce trade costs, which, in turn, provides an added advantage to the exporters. For any company that operates in the India-ASEAN trading market, the AIFTA Certificate helps ease the investment process while mutually fostering economic relations between India and the member states of ASEAN.
The ASEAN-India Free Trade Agreement (AIFTA) certificate provides several benefits for businesses exporting to Myanmar. Here are the key advantages:
The ASEAN-India Free Trade Agreement (AIFTA) facilitates trade between India and Myanmar. AIFTA's impact on Myanmar's businesses enhances economic cooperation and market access. Here are the key products under AIFTA:
To be eligible for the AIFTA Certificate, the products must satisfy the rules of origin (ROO), which are goods wholly produced in Myanmar or India, for example, fruits, vegetables, metals, or livestock. For other products, a minimum Regional Value Content (RVC) of 35% is required, along with a mandatory Change in Tariff Classification (CTC) at the 6-digit Harmonized System (HS) code level. This ensures that any imported materials used in production belong to a different tax category than the final product.
<To benefit from tax reduction under the ASEAN-India Free Trade Agreement (AIFTA) for Myanmar, exporters must obtain a Preferential Certificate of Origin (CO). Here’s the step-by-step process to apply for AIFTA certificate in Myanmar:
Registration begins with an online registration form with all the documents needed, including billing data, which is to be prepared properly and scanned.
After obtaining all the necessary documents and information, it is necessary to complete the AIFTA registration form with accurate data and submit it to the responsible bodies for review.
After filling application form, upload all relevant documents including invoices, trade details, and other business documents, to meet legal compliance.
Once the application and the accompanying documents have been reviewed, the Certificate of Origin shall be issued formally, through which companies can avail benefits under AIFTA. .
Here is the list of documents required for an AIFTA Certificate of Origin for Myanmar:
The total cost for AIFTA registration is ₹6,235, covering a ₹736 government fee, ₹500 one-time registration fee, ₹2,000 application fee, and ₹2,999 professional fee, ensuring a smooth registration process. Below is the detailed structure:
Particulars | Cost |
---|---|
Government fee | ₹736 |
One-time registration fee | ₹500 |
Application fee | ₹2,000 |
Professional fee | ₹2,999 |
Total cost of registration | ₹6,235/- only |
Conclusion
The AIFTA Certificate for Myanmar is very important for firms that are interested in getting the benefit of lowering taxes in the ASEAN-India Free Trade Agreement (AIFTA). This certificate can make exporters more competitive, improve trade in the Indian market, lower trade costs, and extend the supply chain. This is done by meeting the Rules of Origin and providing relevant documents to the appropriate bodies. However, challenges like paperwork and following rules can make the process more complicated. To avoid delays, contact Professional Utilities now. Our expert team will guide you at every step. Getting an AIFTA certificate strengthens trade between India and Myanmar, boosts economic growth for both countries, and makes trade easier.
At Professional Utilities, we leverage our industry knowledge and expertise to help businesses navigate complex regulations, minimize risks, and optimize operations for maximum efficiency and profitability.
Frequently Asked Questions (FAQs)
The Trade Agreement signed between India and Myanmar is a part of several FTA under AFTA that aim at liberalizing the tariff and improving the trade between both countries.
To get an AIFTA certificate, you need to apply through the Directorate General of Foreign Trade (DGFT) or through any other competent agencies along with certificates validating the origin of the particular product.
The AIFTA is an agreement signed by both the Indian government and the ASEAN to remove or at least cut the tariffs on goods, to promote the economic relations and cooperation between the two regions.
Rule 4 of AIFTA addresses the question of the origin of products to ensure that they can meet the requirements of Regional Value Content or Change in Tariff Classification.
It typically takes 7-15 business days to process the AIFTA Certificate, depending on document completeness and verification speed.
No, only eligible products that meet the rules of origin and other criteria can benefit from the AIFTA Certificate for reduced taxes.
No, the AIFTA Certificate does not require renewal. It remains valid for the trade transaction it is issued for.
Yes, providing incorrect or incomplete documentation may lead to delays or rejection of the application, affecting your ability to obtain the AIFTA Certificate.
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