are not a substitute for complying with U.S.
system was established to encourage world trade by reducing obstacles or "bottlenecks" caused by confusing or conflicting national customs regulations.
In the event that a carnetholder sells, donates, or otherwise disposes of the goods listed on the carnet
, he or she is responsible to the customs authorities for all duties, taxes, and other charges involved in importing such goods into other countries.
"[The] ATA Carnet
system is a useful trade facilitator as this single document allows the temporary admission of merchandise and goods in the country [thus] saving time, money and facilitating most customs formalities.
Talking about the benefit of the Carnet
system, he said that it reduces costs to exporters by eliminating value-added tax (VAT) and customs duties with the added advantage that Carnet
holders are not required to post securities with customs.
Khalid Ali Al Bustani, acting Director General of Federal Customs Authority, said the implementation of the ATA Carnet
is linked to the requirements of the GCC Customs Union, in addition to being one of the international agreements of the World Trade
Dubai Chamber is the first Chamber in the Gulf seeking to adapt ATA Carnet
and to introduce this system known as the Merchandise Passport for the business community wanting to admit, on a temporary basis, merchandise, commercial samples including computers, cameras and video equipment, industrial machinery, automobiles, gems and jewellery, wearing apparel and display tools for participation in exhibitions and promotional events for a period of not more than a year.
TELECOMWORLDWIRE-31 May 2001-Sign On develops electronic ATA carnets
(C)1994-2001 M2 COMMUNICATIONS LTD http://www.m2.com
Tribune news network Doha Qatar Chamber of Commerce and Industry will launch its first workshop on ATA Carnet
(ATA) at the Chamber premises on Tuesday, to introduce the system and how to use it.