The Registered Exporter System (The REX). An economic operator will provide a self-certificate stating their statement of origin.
To do this, the financial administrator must be enrolled in the database of the competent authorities.
The REX (Registered Exporter System) allows economic operators in recipient countries to access registered customers.
REX is the first implemented under the Generalized System of Preferences (GSP), which allows the EU to grant single tariff preferences to developing countries.
2. Importance of REX
It is an access code to the world of business interests.
By working in a registered export system with a valid REX number, you can directly issue your declaration of origin on the commercial documents accompanying your shipments.
This permits you to demonstrate the beginning of the items without requiring a certificate of origin
When dealing with commercial contracts, wills and customs, a through understanding of the REX number and its use can mean the difference between smooth and trouble-free transactions
3. Advantages of Registered Exporter System - REX
A registered agent is not required to obtain a Form A/GSP2 Certificate of Origin.
A registered dealer is not required to obtain a Form A/GSP certificate for each shipment
This is one-time job with no expiration date
There is no registration fee.
4. Documents Required for Registered Exporter System
GST Certificate
Importer Exporter Profile
Certificate of incorporation / government issued registration certificate
A manufacturer or any firm who wants to export their goods to European Union.
6. Conclusion
The Registered Exporter System (REX) is designed to make it easier for consumers to issue certificate of origins. They don’t want to contact the relevant authorities for this. They can self-identify. This change reduces the time and costs of the shipping to the EU markets.
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