What is ATA CARNET?

A document for duty free imports. No bond is posted for the duty charged. It is used for literature, samples, designs, machinery, and demonstration equipment. The chambers of commerce issue it and pay the duty . AKA a temporary admission.

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Related Legal Terms
COMMON MARKET, MOST FAVORED NATION (MFN), PROPERTY, PLANT, AND EQUIPMENT, PRODUCT SAMPLE, CHARGEABLE, Q RATIO, UTILIZATION, VALUE FOR CUSTOMS PURPOSES ONLY, REQUISITIONED PROPERTY, MOBILE AGRICULTURAL MACHINERY AND EQUIPMENT COVERAGE FORM


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