A carnet or ATA Carnet is an international customs document issued by 70 countries that participate in the carnet program. The document is presented when entering a Carnet country with merchandise or equipment that will be re-exported within 12 months. Upon presentation, the Carnet permits the equipment or merchandise to clear customs without the payment of duties and taxes. Payment is not necessary because the Carnet guarantees that the merchandise or equipment will be re-exported within a year. The use of a Carnet is a way of temporarily importing into foreign countries without payment of duties and taxes. Carnets also serve as the U.S. registration of goods so that the goods can re-enter the U.S. without payment of duties and taxes. When goods are exported out of the U.S. on a Carnet, or imported into the U.S. on a Carnet, under the new Foreign Trade Regulations that were published on July 2, 2008, the Electronic Export Information (EEI) is no longer required for Carnet shipments. Unless the Carnet is being exported in conjunction with an export license issued by any U.S. Government Agency, the EEI must be transmitted in AES. The Foreign Trade Regulations allow for Carnet exports to be…

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A carnet or ATA Carnet is an international customs document issued by 70 countries that participate in the carnet program. It is presented when entering a Carnet country with merchandise or equipment that will be re-exported within 12 months. Upon presentation, the Carnet permits the equipment or merchandise to clear customs without the payment of duties and taxes. Payment is not necessary because the Carnet guarantees that the merchandise or equipment will be re-exported within a year. The use of a Carnet is a way of temporarily importing into foreign countries without payment of duties and taxes. Carnets also serve as the US registration of goods so that the goods can re-enter the US without payment of duties and taxes. There are two types of Carnets. The ATA Carnet is used to temporarily import commercial samples, professional equipment, and goods for exhibitions and fairs. 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. The TECRO/AIT Carnet is used between the U.S. and Taiwan only. It appears similar to and serves the same function as the ATA Carnet. TECRO/AIT…

Read More Carnet Shipments – What is the purpose of the ATA or TECRO/AIT Carnet?