As a part of its ongoing digitalisation drive and a giant leap towards paperless business environment, the Lahore Chamber of Commerce and Industry Saturday launched online version of Certificate of Origin (CO), an integral part of export documents.
The CO is used for verification that the exported products were wholly obtained, produced or manufactured in a particular country.
“The origin does not refer to the country where the goods were shipped from but to the country where they were made. If a product is manufactured in two or more countries, origin is obtained in the country where the last substantial economically justified working or processing is carried out,” LCCI President Engineer Sohail Lashari told the media after pressing the computer button to formally launch the online CO here.
While, the LCCI Vice President Kashif Anwar said the Lahore Chamber had already taken a number of measures for facilitation of its members including establishment of IFC-backedMediationCenter, TradeFacilitationCenter and SMEDA Help Desk.
Earlier, the LCCI Membership Committee Chairman Zafar Mehmood briefed the participants about online submission of the Certificate of Origin. He also appreciated the LCCI Membership Department’s Head Moin Siddique and IT Department’s Muhammad Anis for timely completion of the online CO Project.