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Simplifying International Trade: Understanding ATA Carnet

08-06-2023 / HieFiee

Introduction: ATA Carnet is an international customs document that facilitates the temporary import and export of goods for various purposes, such as exhibitions, trade fairs, and professional equipment. This blog aims to provide an overview of ATA Carnet, its benefits, and the process of exporting or importing goods under ATA Carnet from India. We will also explore the documentation required and the role of FICCI (Federation of Indian Chambers of Commerce and Industry) in ATA Carnet. What is ATA Carnet? ATA Carnet, also known as the "merchandise passport," is an internationally recognized document governed by the World Customs Organization (WCO). It allows the temporary import or export of commercial samples, professional equipment, and goods for exhibitions and fairs, without the need for customs duties or taxes. Benefits of ATA Carnet: Cost Savings: ATA Carnet eliminates the need to pay import duties and taxes, saving businesses substantial costs during temporary international trade. Simplified Customs Procedures: ATA Carnet simplifies customs clearance procedures by providing a standardized document accepted in multiple countries, reducing administrative complexities and delays. Multiple Entries: ATA Carnet allows multiple entries and exits within the validity period, enabling businesses to transport goods to different countries for exhibitions or events. Wide Acceptance: Over 80 countries, including major trade destinations, accept ATA Carnets, making it a valuable tool for international business. Exporting or Importing Goods under ATA Carnet from India: To export or import goods under ATA Carnet from India, follow these steps: Step 1: Determine Eligibility: Ensure that the goods you intend to temporarily export or import are eligible under ATA Carnet rules. Common eligible items include commercial samples, professional equipment, and goods for exhibitions. Step 2: Contact a Local Chamber of Commerce or FICCI: Reach out to your local Chamber of Commerce or FICCI office to initiate the ATA Carnet application process. FICCI plays a crucial role in issuing and guaranteeing ATA Carnets in India. Step 3: Complete the Application: Fill out the ATA Carnet application form, providing details about the goods, their value, and intended use. Submit the required supporting documents, such as invoices, product descriptions, and proof of ownership. Step 4: Pay the Fees: Pay the applicable fees, including the ATA Carnet issuance fee and security deposit, as per the guidelines provided by the issuing authority. Step 5: Obtain ATA Carnet: Once the application is processed and approved, you will receive the ATA Carnet document. Ensure that all details are accurate and match the goods you intend to export or import. Step 6: Customs Procedures: Present the ATA Carnet document at the customs office of the exporting and importing countries. Customs officials will validate the document, verify the goods, and record their temporary entry or exit. Step 7: Return of Goods: Ensure that the goods are re-exported or returned to India within the specified time frame mentioned in the ATA Carnet document. Documentation Required: The documentation required for ATA Carnet application may include: Completed application form Invoices or pro forma invoices Product descriptions and specifications Proof of ownership or authorization to use the goods Valid identification documents ATA Carnet security deposit (if applicable) Role of FICCI in ATA Carnet: FICCI, as the issuing and guaranteeing authority for ATA Carnets in India, plays a significant role in facilitating temporary international trade. FICCI works closely with local Chambers of Commerce and businesses to provide guidance, process applications, and issue ATA Carnets. They ensure compliance with international standards and regulations, acting as a crucial link