Exciting News: Peru Joins the ATA Carnet System!

We’re thrilled to share a significant milestone in the world of international trade and temporary goods movement. Starting April 30, 2024, Peru will officially adopt the ATA Carnet system, becoming the 80th country to facilitate smoother, duty-free exchange of goods for up to one year. This development positions Peru as the third Latin American nation, following Chile and Mexico, to embrace this innovative customs solution. The ATA Carnet, often dubbed the “passport for goods,” is a crucial instrument for businesses engaged in international trade, especially those involved in exhibitions, fairs, and similar events. It allows for the temporary import and […]

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: […]

  The ICC World Chamber Federation, the organization that administers the ATA Carnet system, has released two country-specific operational changes relating to the usage of the ATA Carnet. Italy Inland Customs ports in Italy will no longer be using the re-exportation vouchers and counterfoils to clear temporary exports leaving inland ports. The Customs officers will require blue transit vouchers and counterfoils according to articles no. 70 and no. 91 of the Italian Customs’ instructions. USCIB has advised that the counterfoil that shows the transit discharge, as completed by the Customs officers in Italy or at the EU border, will serve […]