China Expands Use of Carnets for Duty-Free Imports
As of Jan. 9 China expanded its acceptance of ATA carnets to include professional equipment and product samples and extended the validity period of carnets to 12 months, the U.S. Council for International Business reports. Previously China accepted carnets only for goods destined for trade shows and exhibitions and limited their validity to six months.
According to USCIB, carnets are internationally recognized customs documents that allow for the temporary importation of various types of goods, duty-free and tax-free, generally for up to one year. They are used by a wide variety of exporters and businesses as a simple, cost-effective means of moving goods temporarily to 78 countries and customs territories around the world.