Definition of ATA Carnet:
International customs document for temporary duty free import of certain goods (for a specific period, usually 12 months), without posting a bond for the assessed duty. It is generally used to import sales promotion literature, inexpensive samples for distribution, designs and works of art for exhibition, and machinery and equipment for display or demonstration. A combination of French and English terms, (admission temporair/temporary admission) it is issued by local chambers of commerce affiliated to the International Chambers Of Commerce (ICC). Local chambers guaranty payment of customs duties in case goods allowed under ATA Carnet are not re-exported on due date. Most, but not all, countries accept ATA Carnet. Also called a temporary admission..
Meaning of ATA Carnet & ATA Carnet Definition