New York, N.Y., January 31, 2018 – India has expanded its use of ATA Carnets for the temporary, duty-free importation of various types of goods. As of January 18, the country is now accepting the widely used “merchandise passports” for professional equipment, according to the United States Council for International Business (USCIB), which administers the ATA system in the United States.
ATA Carnets are internationally recognized customs documents that allow for the temporary importation of various types of goods, duty-free and tax-free, generally for up to one year. India previously accepted Carnets only for goods destined to fairs and exhibitions, for a maximum period of six months. It is now also honoring them for temporary importation of professional equipment for up to two months, with the opportunity to renew for an additional two months.
“This is an important development that will help boost U.S. exports to India, and make it much easier for business travelers to get essential professional equipment in and out of the country,” said Andrew Shiles, USCIB’s senior vice president for ATA Carnet and trade services. “All sorts of people and companies – from news organizations to symphony orchestras to technicians making repairs – use ATA Carnets to move professional equipment around the world swiftly and cost-effectively.”
Additional information on developments in India is available on USCIB’s website at https://uscib.org/india-ud-1614/.
The worldwide ATA Carnet system is overseen by the World Customs Organization and the International Chamber of Commerce (ICC), for which USCIB serves as the American national committee. Find out more about the services offered by USCIB to facilitate cross-border trade and investment at www.uscib.org.
Jonathan Huneke, VP communications, USCIB
+1 212.703.5043 or email@example.com
The United States Council for International Business (USCIB) promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and regulatory coherence. Its members include U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world, generating $5 trillion in annual revenues and employing over 11 million people worldwide.
As the U.S. affiliate of several leading international business organizations, including ICC, USCIB provides business views to policy makers and regulatory authorities worldwide. USCIB also works to facilitate international trade and investment. It is the U.S. national guaranteeing association for ATA Carnets, which enable the temporary export of many types of goods, free of import duties or taxes, for up to one year.