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ATA
Carnet
DEFINITION:
From
the US
Customs —
The
ATA Carnet is an international Customs document that
a traveler may use temporarily to import certain goods
into a country without having to engage in the Customs
formalities usually required for the importation of
goods, and without having to pay duty or value-added
taxes on the goods
From
the USCIB.ORG —
"Carnets are “The Merchandise Passports.”
They are international customs documents that simplify
customs procedures for the temporary importation of
various types of goods. In the U.S., two types are
issued: ATA Carnets and TECRO/AIT Carnets (used for
temporary imports to Taiwan only).
ATA
Carnets ease the temporary importation of commercial
samples (CS), professional equipment (PE), and goods
for exhibitions and fairs (EF). They facilitate international
business by avoiding extensive customs procedures,
eliminating payment of duties and value-added taxes
(minimum 20% in Europe, 27% in China), and replacing
the purchase of temporary import bonds."
For
complete description, go to http://www.uscib.org/index.asp?documentID=1843
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