Exciting News: Peru Joins the ATA Carnet System!

  We have great news for the trade community! USCIB has informed Roanoke that the suspension of ATA Carnets to Brazil has been lifted. Effective immediately, new and replacement carnets can be issued for temporary imports to Brazil. Per an email from the International Chamber of Commerce to USCIB: “Based on a written confirmation received today, CNI’s mandate as the ATA Carnet National Guaranteeing Association in Brazil has been renewed for another six months until the end of 2021. Within the next 6-month period, a bidding process will be launched by the Brazilian Customs Administration to either confirm CNI’s next five-year mandate or to smoothly transfer CNI’s […]

By: Kelli Milianti, ATA Carnet Manager, Roanoke Insurance Group Inc. When shipping goods for temporary importation and re-exportation, businesses must select a form of security to meet customs requirements. Most often the cargo owner faces the choice between using an ATA Carnet with a carnet bond or a Temporary Import Bond (TIB). Each option has its advantages, but the ATA Carnet generally offers more streamlined benefits for international trade. Benefits of an ATA Carnet 1. Cost Savings: ATA Carnets eliminate duties and value-added taxes (VAT) when goods are re-exported within the validity period, reducing financial burdens[1][2][3]. 2. Simplified Customs Procedures: […]

Beginning on January 1, 2022, Brazil will cease accepting ATA Carnets. There will no longer be a Brazilian national guaranteeing association responsible for the collection of amounts owed in the case of non-compliance with ATA Carnet conditions. Valid ATA Carnets issued prior to the cessation order and currently in circulation may NOT be presented to Brazil after 12/31/2021 as BR customs will reject entry even if the green carnet cover has BR listed among the countries. Goods admitted into Brazil prior to 12/31/2021 will remain in temporary admission status, and in case of the loss or destruction of an existing […]