REX Registration
REX Registration, REX Certificate for Exports, REX Registration Online India
It seems you're referring to REX Registration in the context of international trade. REX stands for Registered Exporter System, which is part of the Generalized System of Preferences (GSP) implemented by the European Union (EU). The REX system is designed to simplify and streamline the process of certifying the origin of goods exported from beneficiary countries to the EU under GSP arrangements.
Here's an explanation of REX Registration:
1. Background:
- The Generalized System of Preferences (GSP) is a trade preference program established by the EU to promote economic development and reduce poverty in developing countries by granting preferential tariff treatment to their exports.
- Under the GSP, beneficiary countries are granted duty-free or reduced-duty access to the EU market for certain products.
2. Origin Certification:
- In order to benefit from preferential tariff treatment under the GSP, exporters must prove that their products originate from eligible beneficiary countries.
- Previously, exporters used certificates of origin issued by government authorities to certify the origin of their goods.
3. Introduction of REX:
- To simplify the origin certification process and reduce administrative burdens, the EU introduced the Registered Exporter System (REX).
- Under REX, exporters themselves can register as "registered exporters" and self-certify the origin of their goods.
4. REX Registration Process:
- Exporters eligible for REX Registration can apply to the customs authorities in their respective countries to become registered exporters.
- The registration process typically involves providing information about the exporter's business, including their name, address, tax identification number, and details of their economic activity.
- Once registered, exporters are issued a unique REX number, which they use to self-certify the origin of their goods on the invoice or any other commercial document accompanying the shipment.
5. Self-Certification of Origin:
- Registered exporters self-certify the origin of their goods by including a statement on the commercial invoice or any other document accompanying the shipment.
- The statement should include the exporter's REX number and a declaration that the goods meet the origin criteria specified in the relevant GSP regulation.
6. Benefits of REX Registration:
- Simplified Procedures: REX Registration simplifies the origin certification process by allowing exporters to self-certify the origin of their goods.
- Reduced Administrative Burdens: It reduces paperwork and administrative burdens associated with obtaining certificates of origin from government authorities.
- Flexibility: Registered exporters have greater flexibility and control over the origin certification process, allowing them to expedite customs clearance and improve their competitiveness in the EU market.
In summary, REX Registration is a system implemented by the EU under the Generalized System of Preferences to simplify the process of certifying the origin of goods exported from beneficiary countries. It allows exporters to self-certify the origin of their goods, thereby reducing administrative burdens and facilitating trade between beneficiary countries and the EU.