NEW DELHI, July 22, 2014 /PRNewswire/ --
Agreement Between India and Taiwan Implemented
FICCI, the sole national guarantor for ATA Carnets in India (supported by the Ministry of Commerce & Industry), is undertaking various initiatives to inform and educate the exporter community about the benefits of using ATA Carnet. These include holding various workshops all over the country. The last such meeting was held in Guwahati and the next one is proposed for Srinagar. FICCI, along with the ministry, is also working at agreements to expand the usage of ATA Carnet across additional number of countries to further benefit the exporter community.
(Logo: http://photos.prnewswire.com/prnh/20140722/10103014-a)
(Logo: http://photos.prnewswire.com/prnh/20140722/10103014)
ATA Carnet is an internationally accepted document, which simplifies the customs procedures and clearances in a foreign country, without paying duty or a bank guarantee for temporary import into that country. Like a passport for goods, ATA Carnet allows for the goods for which it was issued to enter any of the participating countries for up to one year. An ATA Carnet holder can avoid customs declaration and can do away with security deposit or guarantees in the country of importation.
ATA Carnet covers several areas for use, including trade fairs, shows, exhibitions and meetings for temporary export into a country, which is a signatory to the conventions governing ATA Carnets. Goods must be re-exported out of every country and re-imported into India within a year. At present 74 countries recognise ATA Carnet, including Australia, Canada, France, Germany, Japan, Korea, Malaysia, Spain, UAE, UK and USA. To facilitate Carnet like mechanism for temporary movement of goods/exhibits between India and Taiwan, a protocol was signed between FICCI in India and TAITRA in Taiwan. The same was implemented from May 15, 2014.
The government is actively considering expanding the scope of ATA Carnet convention. At present, India is a signatory to convention on exhibitors and fairs only. It is proposed to expand the same to cover commercial samples, professional equipment, private exhibitions, film shootings, musical troupes, sports, media coverage etc. FICCI, which is the National Issuing and Guaranteeing Association (NIGA) for implementing ATA Carnets in India, is pursuing the matter with the Ministry of Finance for the expansion of scope of system to cover professional equipment and commercial samples.
About ATA Carnet
ATA Carnet is an internationally accepted customs document used by members of the exporting community from India, to travel abroad with commercial samples for participating in exhibitions, trade fairs or business promotion tours. ATA Carnet is a temporary admission document, which simplifies the customs procedures and clearances in a foreign country, without paying duty or a bank guarantee for temporary import into that country. In India, FICCI is the sole national guarantor for ATA Carnet (supported by the Ministry of Commerce & Industry)
Primary Media Contact: Vijayalakshmi, Deputy Director, FICCI, +91-9818873461
Secondary Media Contact: Anupama Kalra, [email protected], +91-9891245718, Inter-Corp
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