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CHAPTER XVIII Temporary Free Importations & ATA Carnet PowerPoint PPT Presentation


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CHAPTER XVIII Temporary Free Importations & ATA Carnet. Temporary Free Importations under Bond (TIB) ATA Carnet . Temporary Free Importations Under Bond (TIB). Temporary importations without the payment of duty under bond

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CHAPTER XVIII Temporary Free Importations & ATA Carnet

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Chapter xviii temporary free importations ata carnet l.jpg

CHAPTER XVIII Temporary Free Importations & ATA Carnet

  • Temporary Free Importations under Bond (TIB)

  • ATA Carnet

Copyright(c) 2012 Dr. Chase C. Rhee


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Temporary Free Importations Under Bond (TIB)

  • Temporary importations without the payment of duty under bond

  • Bond is double the amount of the estimated duties 1 year. Extended to 3 years except for Automobiles

Copyright(c) 2012 Dr. Chase C. Rhee


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Types of Goods Eligible Under TIB

  • Products to be repaired, altered and processed.

  • Models of women’s wearing apparel as models

  • Articles imported as models by illustrators or photographers

  • Samples solely for use in soliciting orders

  • Articles solely for examination with a view to reproduction and motion-picture advertising films

  • Articles solely for testing, experimental or review

  • Vehicles and craft imported to take part in races or contest

  • Locomotives and other railroad equipment for fire fighting or making emergency repairs on railroads

Copyright(c) 2012 Dr. Chase C. Rhee


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Types of Goods Eligible Under TIB

  • Transportation containers during transition and suitable for reuse

    (j) Professional equipment, tools of trade, and camping equipment for nonresident's temporary sojourning

    (k) Articles of special design for temporary use exclusively for production of export articles

    (l) Animals & poultry for breeding, exhibition or competition for prizes and their equipment

    (m) Works of free fine arts, drawings, scientific apparatus, etc. for exhibition, illustration, and promotion

    (n) Automobiles & parts solely for show purposes

Copyright(c) 2012 Dr. Chase C. Rhee


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Relief from Liability for Duties

  • Reexporting

  • Destruction under Customs supervision

  • For articles intended for testing or experimenting, satisfactory proof of destruction

  • If TIB products are not reexported within a bond period, Bond will be forfeited or Articles will be seized

Copyright(c) 2012 Dr. Chase C. Rhee


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ATA Carnet

  • Admission Temporaire-Temporary Admission

Copyright(c) 2012 Dr. Chase C. Rhee


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Functions of ATA Carnet

  • An international Customs document: Merchandise passport

  • A guarantee of the payment of customs duties and excise taxes

  • Valid for one year

Copyright(c) 2012 Dr. Chase C. Rhee


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Articles Covered by ATA Carnet

  • Commercial samples of traveling salesman

  • Products for exhibitions and trade fairs

  • Professional equipment

Copyright(c) 2012 Dr. Chase C. Rhee


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Carnet Issuing Agency

  • ATA Carnet system is managed and promoted by International Bureau of Chambers of Commerce (IBCC), an integral part of the ICC (www.iccwbo.org)

  • ATA Carnet is issued and guaranteed by national organizations

    • In U.S.: U.S. Council for International Business, New York (http://www.uscib.org, 212-354-4480)

Copyright(c) 2012 Dr. Chase C. Rhee


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Countries Accepting ATA Carnets

  • The U.S. acceded to the ATA Convention in 1968 and began issuing ATA carnets in 1969

  • Certain countries have accepted ATA convention but have not implemented the use of ATA carnet: Egypt

Copyright(c) 2012 Dr. Chase C. Rhee


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Related Expenses

  • Basic carnet fee

  • Surety bond fee

  • Insurance premium

Copyright(c) 2012 Dr. Chase C. Rhee


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