International Trade Terms Glossary

ATA Carnet

Armed with their ATA Carnet, sales reps, exhibitors and other business  travellers can make advance customs arrangements at predetermined cost, visit  more than one country, use their ATA Carnet for several trips during its  one-year validity and return to their home country with their goods and  without problems or delays.

A couple of things to watch out for:

  1. Certain countries may not officially accept them.
  2. If your equipment and the Carnet become separated, you will have to pay  duty to 'regularise' the Carnet. Also if you have more than one item listed  on the Carnet then all the items and the Carnet must travel together!

Carnets can be expensive because, the higher the value of the equipment,  the more you pay for the document. Tip is to put the replacement cost, not  the customer price, on the Carnet. The ATA  Carnet is an international customs document that permits duty-free and  tax-free temporary import of goods for up to one year. The initials 'ATA' are  an acronym of the French and English words 'Admission Temporaire/Temporary  Admission'. Carnets eliminate the need to pay VAT on the goods and speed up the customs  clearance process. ATA Carnets cover virtually all kinds of goods into over  60 countries but, be aware, there are a number of countries that do not  officially accept ATA carnets (many of the Caribbean Islands for instanc1.  but they may actually recognize them! Carnets also do not cover perishable  goods or goods for repair.

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