A Carnet or ATA Carnet is an international customs document for the temporary duty-free admission of goods under certain international conventions. The Carnet is a globally accepted guarantee for customs duties and taxes which can replace security deposit required by each customs authority.
Reference Definition by Atacarnet.com: A Carnet or ATA Carnet (pronounced kar-nay) is an international customs and temporary export-import document. It is used to clear customs in 87 countries and territories without paying duties and import taxes on merchandise that will be re-exported within 12 months. Carnets are also known as Merchandise Passports or Passports for Goods.
Related Definitions in the Project: The Procurement
