Form I (China-Iceland)

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📖 Detailed Explanation

FORM I (China-Iceland Free Trade Agreement Certificate of Origin) is an official certificate of origin issued under the China-Iceland Free Trade Agreement. It certifies that goods exported to Iceland originate in China, thereby enjoying tariff preferences under the agreement. Usage scenarios: When Chinese exporters export goods to Icelandic customers, they need to apply to China Customs or the CCPIT for FORM I, attaching commercial invoices, packing lists, etc., so that Icelandic importers can apply for tariff reduction or exemption during customs clearance. Precautions: 1) The certificate must be issued before shipment or within a specified time after shipment, usually before shipment or within 7 days after shipment; 2) The origin criteria must be accurately filled in, such as wholly obtained or meeting specific processing rules; 3) The certificate information must be consistent with the commercial invoice and bill of lading, and must not be altered; 4) It is only applicable to China-Iceland bilateral trade, not to other free trade agreements. Distinction from other terms: FORM I is different from the Generalized System of Preferences Certificate of Origin FORM A (for preferences granted by developed countries to developing countries), and also different from China-ASEAN FORM E, China-Chile FORM F, etc., each corresponding to different agreements and importing countries.

📝 Examples

1. Our company has exported a batch of textiles to an Icelandic customer and has applied to Customs for a FORM I Certificate of Origin. Please find the attached documents for customs clearance to enjoy zero-tariff treatment. (Note: The exporter informs the importer that FORM I has been obtained for tariff reduction during customs clearance in Iceland.) 2. According to the China-Iceland Free Trade Agreement, importers must present a valid FORM I certificate to apply for tariff preferences. Please ensure that the HS code on the certificate matches the customs declaration. (Note: Emphasizes the necessity of FORM I for customs clearance in the importing country and the requirement for information consistency.)

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