India Australia Economic Cooperation Trade Agreement | INDAUS - ECTA

Updated on April 02, 2024 01:20:16 PM

The IND AUS - ECTA is a landmark agreement between India and Australia that aims to enhance economic cooperation and promote trade and investment between the two nations. By reducing tariffs on a wide range of goods and services and establishing clear rules and regulations, the agreement seeks to create a more favorable environment for commercial activity between the two countries.

This will make it easier and more cost-effective for businesses in both nations to trade with each other, thereby boosting economic growth and job creation. Additionally, the INDAUS - ECTA includes provisions to protect and encourage investment, such as guarantees against discriminatory treatment and the free transfer of funds. This will make it easier for companies in both countries to invest in each other's markets and drive further economic growth.

INDAUS Certificate [Sample]

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What is IND-AUS free ECSA Registration?

Under the special provisions of the IND-AUS ECTA agreement, exporters must complete the registration process before they can trade with foreign nations. This agreement offers the benefit of reduced tariffs for exporters of various goods and services. To obtain a certificate of origin, exporters can turn to government organizations such as the DGFT and the Indian Spices Board, among other recognized government entities.

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Rules of Origin (RoO) under IND AUS - ECTA

Rules of certificate of origin are the criteria used to determine the country of origin of a product that is being exported. They are established through agreement between the signatory parties of a trade agreement and serve as a basis for determining whether a product is eligible for preferential treatment under the agreement.

By establishing rules of origin, signatory parties aim to ensure fair and transparent trade between their countries and prevent fraud or abuse of the trade agreement's provisions.

  1. Wholly Obtained products
  2. Value-added Criteria for products
  3. Change in headers & subheadings
  4. Change in the harmonized system (HS)
  5. Final production before export must be done in the exporting country
  6. Sharing specific product details with authorities to comply with preferential treatment
  7. The item has undergone adequate working or manufacturing according to the Product specific rules (PSR).

Proof of Origin of Product

Proof of Origin involves providing documentation or evidence that establishes the origin or place of manufacture of a product or goods. This is often a requirement in international trade to confirm the country of origin of the items being traded.

Exporters are required to give evidence of the Product's origin by any of the following means:-

  1. Digital certifications issued by approved government organizations.
  2. A paper certificate of origin of IND-AUS - ECTA registration in electronic or hard copy format issued by the government authority.
  3. A certificate of origin of the declaration given by a licensed exporter as per the requirements and IND AUS - ECTA regulation.
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Documents Required for IND AUS - ECTA Certificate of Origin

  1. Commercial Invoice
  2. Product Description
  3. Digital Signature Certificate
  4. Mobile No. & Email address
  5. Updated Import Export Code
  6. Purchase order from importer company
  7. Organization based Digital Signature Certificate
  8. Manufacturer Exporter Declaration on the company’s Letterhead
  9. Purchase Bill that has details of quantity, origin of raw materials, consumables used in product meant for export
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Process for IND AUS - ECTA Registration

  1. Filling of Application: The applicants are required to fill a form with respective authorities for the registration cum membership certificate.
  2. Documentation: Once the application form is duly completed the applicants are required to attach documents and details for their products and nature of firm.
  3. Payment: Once the documentation is duly completed, applicants are required to make a payment on the portal for their registration to get completed.
  4. Issuance of certificate: Once the application is submitted, the authorities will reverify all the details. Once the verification is completed the certificate of origin will be issued to the respective applicant/Firm.
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Cost & validity of IND AUS - ECTA Registration

The cost of registering the ECTA certificate, which includes our professional fees, is ₹3,236. The validity of the registration is upto 12 months from the date of its issuance. Exporters can apply for re-issuance of the certificate of origin once the validity period has expired.

The fee can be breakdown into the following:-

Particulars Fees
Government Fee ₹736
Application fee ₹2000
One time registration fee ₹500
Total Fee ₹3236

Note: The aforementioned Fees is exclusive of GST.

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Note: The validity of application is up for 12 months since the day of its issuance.

Product Eligibility under IND AUS - ECTA Agreement

If the Product meets the following criteria, it will be considered to have come from a contracting nation and be eligible for preferential treatment.

  1. Wholly Obtained & Produced Products
  2. Live animals
  3. Agri products
  4. Products made of animals
  5. Products made of Marine animals
  6. Products made of natural resources
  7. Product produced in the territory of the country exclusively
  8. Products have undergone sufficient working or production according to the Product Specific Rules

Note:- According to the IND-AUS ECTA trade agreement, exporters are required to submit a certificate of origin for their Product in order to verify its validity.

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Benefits of IND AUS - ECTA Registration

The main advantage of this agreement is that it facilitates the exchange of goods and services between the two nations. This, in turn, has the potential to increase trade and economic growth

  1. Reducing tariffs & trade barriers in preferred countries
  2. Encouraging cross- border transactions between the territories of the Contracting counties.
  3. Promoting fair competition in the free trade states
  4. Ensuring equitable benefits to all Contracting countries
  5. Effective mechanism for joint administration & resolution of disputes
  6. Framework for regional cooperation and enhance mutual benefits for trade.
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Responsibility of Exporters under ECTA

  1. The exporters are responsible for providing asked documents during the IND AUS - ECTA certification process.
  2. Exporters proving misleading information and documents are liable to be punished or penalized.
  3. Exporters need to keep minimum information & supporting documents of their products for 5 years from the expiry date of their IND AUS - ECTA certificate.
  4. The exporter shall keep appropriate accounting records of the production supply of the products.
  5. The exporter shall notify the issuing authority, custom authority, and the importer of any chances that could affect the accuracy or validity.

Non-compliance & Penalties

  1. Customs duties will be charged if the Product's certificate of origin shows that it doesn't meet the rules of origin of IND-AUS - ECTA.
  2. Each Party must also ensure civil and administrative laws are to be followed. When necessary, it will use criminal punishments for people who break its customs laws.
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FAQs

What does IND-AUS ECTA stand for?

INDAUS - ECTA stands for the India Australia economic cooperation Trade agreement. It is a free trade agreement between these two countries.

What are the benefits of IND AUS - ECTA?

According to the agreement, an exporter must fulfill certain conditions to ensure their products meet the origin criteria.

  1. Must be manufactured and produced in the count
  2. Product made of material procured from the agreed Party
  3. Sharing details of the Product with authorities such as the customs department
Where to get an IND AUS - ECTA certificate of origin?

You can get the INDAUS - ECTA certificate of origin in 3 simple steps

  1. Contact us
  2. Provide documents
  3. Issuance of CoO (certificate of origin)
What are the rules of origin of a product?

According to the agreement, an exporter must fulfill certain conditions to ensure their products meet the origin criteria.

  1. Must be manufactured and produced in the count
  2. Product made of material procured from the agreed Party
  3. Sharing details of the Product with authorities such as the customs department

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