What is ATA carnet in SAP SLL - Global Trade Services?

SAP Term: ATA carnet

• Component: SLL

• Component Name: Global Trade Services

• Description: "Admission Temporaire - Temporary Admission" ATA Carnet. An international customs document used for importing commercial samples and professional equipment that are temporarily duty free. The ATA Carnet guarantees that duties and excise taxes will be paid if the items on the document remain the country over a year.

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• Key Concepts: 
  ATA Carnet is an international customs document that allows for the temporary duty-free and tax-free importation of goods for up to one year. It is issued by the International Chamber of Commerce (ICC) and is recognized by over 70 countries. The ATA Carnet is used for commercial samples, professional equipment, and goods for trade shows and exhibitions.
  
  How to use it: 
  The ATA Carnet is used to facilitate the temporary importation of goods into a foreign country. The carnet must be presented to customs officials upon entry into the country, and it must be returned to the issuing authority upon exit. The carnet also serves as a guarantee that any duties or taxes due on the goods will be paid upon their return to the country of origin.
  
  Tips & Tricks: 
  When using an ATA Carnet, it is important to ensure that all information on the carnet is accurate and up-to-date. Additionally, it is important to keep track of the expiration date of the carnet, as any goods not returned before this date may be subject to duties or taxes in the foreign country.
  
  Related Information: 
  SAP Global Trade Services (GTS) provides a comprehensive solution for managing global trade compliance. GTS enables companies to manage their global trade operations more efficiently and effectively, while ensuring compliance with international trade regulations. GTS also provides support for ATA Carnets, allowing companies to manage their carnet documents more easily and efficiently.