Call to make full use of ATA Carnet facility Hindu Business Line Kochi, Aug 26 2013
The exim community and traders in Kerala should use the ATA Carnet facility promoted by FICCI, K.N. Raghavan, Commissioner of Customs, Kochi, has said.
He was delivering the inaugural address at the FICCI Workshop on 'ATA Carnet: Your visa for temporary export/import of goods between international borders' organised by FICCI in association with Indian Chamber of Commerce and Industry and Sea Food Exporters Association of India (Kerala Region).
The ATA Carnet is a temporary admission document which simplifies the customs procedures and clearances in a foreign country, without paying duty or a bank guarantee for temporary import into that country.
Like a passport for goods, the ATA Carnet allows goods to enter any of the participating countries for up to one year.
An ATA Carnet holder can avoid customs declaration and do away with security deposit or guarantees. In India, FICCI is the sole national guarantor for ATA Carnets.
The Customs Commissioner also called for concerted efforts from stakeholders to attract more cargo through ICTT Vallarpadam.
Satish Kumar Reddy, Director (ICD), CBEC, Ministry of Finance, touched upon the importance aspects of ATA Carnet, its benefits and legal aspects.
Jagdish Singh, Commissioner of Central Excise and Service Tax also urged the trading community to utilise the ATA Carnet facility for their international business transactions whenever required.
Nirankar Saxena, Senior Director, FICCI, made a presentation on ATA Carnet and its benefits.
(This article was published on August 26, 2013)
Keywords: ATA Carnet, FICCI, kerala,