What is Binding Origin?
Binding Origin An official, binding customs decision on the country of origin of goods, used for determining preferential treatment, duties, or trade agreements.
Source: Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
How is “Binding Origin” Used in Practice?
A binding origin decision confirmed the eligibility of the textiles for reduced tariffs under the trade agreement.
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Who Needs to Know This Term?
- Freight Forwarders
- Supply Chain Managers
- Customs Brokers
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What is Binding Origin?
An official, binding customs decision on the country of origin of goods, used for determining preferential treatment, duties, or trade agreements.
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