Financial Crime World

Titania Issues New Regulations for Certificates of Origin and Processing

Taipei, Taiwan - The Taiwan International Trade Association (TITA) has issued new regulations for certificates of origin and processing, aimed at streamlining the process and reducing bureaucratic red tape.

Requirements for Certificates of Origin

  • Directly Shipped Products: Applicants seeking certificates of origin for products directly shipped from a third country must submit:
    • Application
    • Photocopy of the certificate of origin from the country of origin or third country
    • Bill of lading from the third country
    • Other required documents
    • Duplicate of the export declaration as proof of exportation (optional)
  • Re-Exported Products: Applicants seeking certificates for re-exported products transshipped to another country from a port in Taiwan must submit:
    • Application with TITA after customs clearance
    • Transshipment permit from Customs
    • Other related documents

Requirements for Certificates of Processing

  • Applicants seeking certificates of processing must submit:
    • Application
    • Certificate of origin from the country of origin or original import declaration
    • Export declaration or other related export documents

Additional Provisions

  • Issuance Before Customs Clearance: The new regulations introduce provisions for issuing certificates before customs clearance (Article 21).
  • Filing Applications and Submitting Required Documents: Guidelines for filing applications and submitting required documents are outlined in Articles 22-23.

Penalties for Non-Compliance

  • If an applicant is found to have provided false information or fails to submit required documents, their application may be rejected (Article 22).

Fee Structure and Document Retention

  • The new regulations introduce a fee structure for issuing certificates (Article 29).
  • Guidelines for retaining documents related to certificate issuance are outlined in Article 26.

According to the TITA, the new regulations aim to improve transparency and efficiency in the certification process. “These regulations will help reduce bureaucracy and make it easier for businesses to operate in Taiwan,” said a spokesperson.

The new regulations come into effect immediately and apply to all applications submitted after the date of promulgation.