What Is It And Why Do You Need One?
Known throughout the industry as the “Passport for goods”, the ATA Carnet is a customs document that allows the tax-free and duty-free temporary export and import of non-perishable goods for up to one year from the date the document was issued.
An ATA Carnet is a globally accepted customs document that consists of unified customs declaration forms which have been prepared ahead of time and which can be used to secure entry at every border crossing point in a shipment’s destination. The ATA Carnet also acts as a guarantee for customs duties and taxes and it can replace the security deposit customs authorities require at each entry point. The ATA Carnet is good for up to one year from the date of its issue, it can be used in multiple countries and on multiple trips for that duration.
Why Are ATA Carnets Required?
Think of an ATA Carnet as a passport for goods. It can make the customs process easier by allowing a single document to be used to ensure your goods clear customs in all countries within the ATA Carnet system.
Who Administers ATA Carnets?
While the ATA Carnet is jointly administered by the World Customs Organization (WCO) and the International Chamber of Commerce (ICC) through its World Chambers Federation, every country within the ATA Chain, has its own guaranteeing association which administers the operation of the ATA Carnet System. The reason for this is to ensure that the duties and taxes due at each port of entry are guaranteed regardless of the differences in each country’s laws and customs regulations.
How RENSAT Can Help You Receive Your ATA Carnet
Understanding ATA Carnet can be challenging for business owners who are already pre-occupied with daily operations, manufacturing, procurement, and other aspects of their businesses. RENSAT can help by handling all of your Import Declarations and Export Declarations, and EU Transit Documents, which can save you both time and money and make your business much more efficient.