Integration Releases Product for Country of Origin Requirement

CIOReview Team | Friday, 29 May 2015, 11:45 IST

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Integration Point, a provider of global trade management software, released a product to assist with Country of Origin determinations. This new offering is part of the Integration Point Global Trade Management Solution that provides global visibility and localized knowledge for 160+ countries on a single, web-based platform. Country of Origin determinations are complex because each importing country has its own rules to be followed, and each must be taken into consideration when preparing goods for export and import.

Integration Point, Country of Origin Determination automates the determination process based on the appropriate Marking Rules of Origin for each country, as well as bundles the pertinent regulations and rulings for reference. Companies can then submit the origin decisions to Customs to obtain a Binding Ruling determination, or retain them as evidence that “Reasonable Care” has been taken and a consistent process is followed.

Integration Point Country of Origin Determination allows companies to: view Origin Mark Rules for imports to a given country; access Binding Rulings for Country of Origin and/or Marking Decisions; search the Integration Point Global Trade Content database for Country of Origin and/or Marking Binding Rulings that have already been determined; facilitate Country of Origin determination and Origin Marking Rules for an import country; store Country of Origin determinations for historical and audit purposes.

“Customs authorities in many countries have intensified their enforcement of import regulations, especially the origin marking regulations,” said Audrey Garrett, Import Compliance Manager – Americas, Flowserve Corporation. “In order to correctly mark product with origin, an Importer must first properly determine the origin of the product and second correctly mark it in accordance with those regulations. Companies need quick and reliable access to their origin data, the different regulations, as well as a degree of automation to ensure consistency in the process. Without those things, the company is subjected to the risk factor of delays, seizure and/or penalties.”

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