ATA CARNET Meaning and
Definition
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An ATA Carnet is an international customs document that facilitates the temporary importation of goods for exhibition, trade shows, or other specific purposes. It acts as a passport for goods, allowing them to travel across international borders without the need for payment of duties and taxes at each country's customs.
The term "ATA" stands for "Admission Temporaire/Temporary Admission," which represents the temporary nature of the goods that are being imported. The term "Carnet" refers to a document or booklet that records the details of the goods being transported.
The ATA Carnet is widely used in international trade and is accepted by over 80 countries globally. It simplifies the customs procedures and reduces the administrative burden for businesses involved in temporary exports and imports. Instead of filing individual customs entries in each country, a single ATA Carnet can be used for multiple destinations.
The ATA Carnet typically covers a wide range of goods, including commercial samples, professional equipment, and goods for presentations or exhibitions. It ensures that these goods can be temporarily imported and re-exported without the need for paying import duties or posting a security deposit.
Issued by Chambers of Commerce and authorized organizations, the ATA Carnet includes detailed descriptions of the goods, values, and other relevant information. Customs officials at each border checkpoint stamp the Carnet to signify the temporary import or export of goods. Failure to comply with the conditions outlined in the Carnet can lead to penalties or additional duties.
Common Misspellings for ATA CARNET
- zta carnet
- sta carnet
- wta carnet
- qta carnet
- ara carnet
- afa carnet
- aga carnet
- aya carnet
- a6a carnet
- a5a carnet
- atz carnet
- ats carnet
- atw carnet
- atq carnet
- ata xarnet
- ata varnet
- ata farnet
- ata darnet
- ata czrnet
- ata csrnet
Etymology of ATA CARNET
The word "ATA Carnet" is derived from two different sources.
The term "ATA" stands for "Admission Temporaire/Temporary Admission" in French, which refers to an international customs document that allows the temporary importation of goods into a country without having to pay customs duties or taxes. It was first introduced by the International Chamber of Commerce (ICC) in 1961.
The word "Carnet" is derived from the French word "carnet de passages en douane", which translates to "notebook of customs passages" in English. A carnet is a document that is used to record the movement of goods or vehicles across international borders and serves as a guarantee to customs authorities that the exported goods will be re-imported.
So, "ATA Carnet" essentially combines both terms to describe the specific customs document that allows for temporary importation of goods without payment of duties or taxes.
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