Coimbatore: The Coimbatore District Small Scale Industries Association (Codissia) has shot off a letter to Union minister for commerce and industry Piyush Goyal, asking him to ensure there was no delay from the part of the Export Inspection Agency (EIA) in issuing “certificate of origin”.
The certificate, the industrial body says, gives importers a concession on import duty, which they pass on to exporters.
According to the Codissia, there has, of late, been an undue delay in issuing the concessional duty certificates, affecting the flow of exporters’ fund.
M V Ramesh Babu, president, Codissia, says the preferential certificate of origin is a bilateral agreement between two countries. India has trade agreements with Korea, Sri Lanka, Association of Southeast Asian Nations (Asean), Asia Pacific and South Asian Association for Regional Cooperation (Saarc) countries, among others.