Carnets are documents used as an international customs pass for the temporary importation of goods. They are issued by a national chamber of commerce and contain detailed information about the goods being transported, such as their description, quantity, and value. Carnets can be used for a wide range of goods, including commercial samples, professional equipment, and goods for exhibitions and fairs.
One of the primary benefits of using a carnet is that it simplifies customs procedures and reduces paperwork. By presenting a carnet at the border, importers and exporters can avoid paying duties and taxes and can expedite the process of getting their goods through customs. Carnets are recognized in over 80 countries, making them a popular option for businesses engaged in international trade.
To obtain a carnet, businesses need to apply to their national chamber of commerce, which will review their application and issue the appropriate documentation. The carnet must be endorsed by both the customs authorities of the exporting country and the importing country. When the goods are returned to the exporting country, the carnet is closed out and any duties or taxes that were waived are reinstated.
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