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Regulatory Requirements : ATA Carnet :
Advantages of the ATA Carnet System
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  • The ATA Carnet System offers advantages to the customs authorities and the trading community, i.e. individuals, enterprises, trade organizations who need temporary duty free importation facilities to prospect outlets for their products in foreign markets.
  • By replacing the national customs declaration normally required for the temporary duty free admission of goods in any given country, the ATA Carnet does away with the need for a customs document at each border point. This means less paperwork for customs officials and carnet holders.
  • Since all goods accompanied by an ATA carnet are covered by the international surety furnished by the guaranteeing/issuing chambers, no further action regarding the guarantee needs to be taken, either by the customs or by the importer at the time of temporary admission. Thus, for businessmen the ATA Carnet does away with the need for the deposit of a personal or real guarantee at the border point of each country of temporary admission.
  • As the ATA Carnet itself constitutes the temporary admission document as well as the proof of the customs security for the admission, it considerably simplifies and expedites the accomplishment of the formalities for temporary admission for both the Carnet holder and the customs( no further customs document needs to be completed nor any other security produced upon arrival in the territory of temporary admission).
  • The ATA carnet is valid for one year. During this period its holder can use it and take the goods covered for as many trips as he wishes from his home country to one or more of the other countries applying the ATA System, provided the ATA Carnet contains the appropriate number of sheets required for each trip . This is particularly useful if the holder of the ATA Carnet intends to import goods temporarily into various countries in the course of the same journey (e.g. if a commercial traveller wishes to show samples to a number of potential buyers in different countries). There are many other cases where this facility is of advantage to the holder of an ATA Carnet.
  • For the customs, the use of the ATA Carnet entails less administrative work and increased customs safety since the payment of import duties and taxes is guaranteed by the Guaranteeing Association affiliated to the ATA guarantee chain in the territory of temporary admission. The guarantee is automatic and the customs need not check its validity for each carnet.
  • In addition, the system does not affect the revenue of the nation since the goods covered by the ATA Carnets are intended for re-exportation and not for sale in the country of temporary admission. The system is “self-policing” in that, should the Carnet holder fail to re-export the goods within the period of validity of the carnet, duties become payable.

Thus, the ATA carnet has now become indispensable for worldwide growth and expansion of an enterprise and is being most widely used by the business community for its international operations.

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