#27 SUSB Expo 2014 Boomerang Carnets
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Transcript of #27 SUSB Expo 2014 Boomerang Carnets
ATA Carnet, The Merchandise Passport
Taking Demo Equipment, Prototypes & Samples Abroad
Leslie Levy August,
Senior Vice President, boomerang carnets
Who Are We?
$ Appointed ATA Carnet Service Provider for the United States Council for International Business for 25 years.
$ We issue 7000+ ATA Carnets for temporary exportation of equipment and merchandise valued at $2.35B annually.
$ Clients range from individuals to Fortune 100 corporations across all business, government, educational and cultural sectors.
Why Are We Here? $ Commercial opportunities
for autonomous vehicles may be more viable overseas than in the U.S. at this time.
$ The Merchandise Passport can reduce costs and make clearing customs easier when marketing, demonstrating or selling overseas.
FAQ Regarding Temporary Exports $ Can I just bring the items on the plane with me
in my luggage? $ When do I need a freight forwarder? $ Does “temporary” mean that export licensing &
regulations are waived for that shipment? $ Does a carnet cover hand carried as well as
shipped goods? $ Can the trade show or exhibition organizer
provide what I need? $ How is a prototype identified & valued?
Categories of Imports* $ Temporary Imports (boomerang freightsm)
$ Trade Show Booths, Exhibition Equipment $ Product Samples for Display or Demonstration
$ Not Dutiable or Taxable $ Returns to Country it Was Shipped From $ Usually Returns Within 12 Months
$ Permanent Imports $ Imported Products For Sale in Foreign Country $ Dutiable and Taxable
Temporary vs. Permanent Imports - Differences
$ Different Requirements & Needs $ Temporary = U.S. Export and Re-Import $ Permanent = U.S. Export Only $ Documents $ Duties $ Taxes $ Cargo Insurance – Round-Trip vs.
One-Way
Advantages of Temporary vs. Permanent $ Temporary import-exports are subject to all
the same rules and regulations as permanent imports.
$ However, if you prepare and document a temporary import properly you can save time, hassle and money. $ Carnet costs can be as little as 10% of the cost of
duties and taxes.
Export Controls, Licensing & Regulations
$ Temporary export documents, such as ATA Carnets, do not negate the need for export licenses or the need to adhere to export regulations.
Types of Temporary Export-Import Documents $ Temporary Import Bond (TIB) $ ATA Carnet – Developed especially for
commercial samples, professional equipment and trade fairs & exhibitions.
$ Consumption Entry with Duty Drawback $ Customs Broker’s Entry Bond
A chart comparing these methods is available on our website.
Typical Import/Export Documents for Temporary Exports
$ ATA Carnet or TIB $ Electronic Export Information (EEI) $ Certificate of Cargo Insurance.
$ Evidence of insurance is required. $ Export License, if required.
Logistics $ Hand-Carried vs. Shipped $ Trade Missions or Trade Shows May Have
Logistics Partners $ Is there a waiver for duties and taxes?
$ FedEx, DHL, UPS Do Not Understand Carnets
$ You Can Control Customs Clearance Process Regardless of Your Logistics Provider
ATA Carnet Document $ Accepted in 84 countries. $ Single document can be used
for multiple countries and trips. $ Accepted for 6-12 months. $ Works with hand-carried or
shipped items. $ Can be issued directly to
shipper or to their freight forwarder.
Steps to Obtaining a Carnet $ Create an online account. $ Prepare the carnet form.
$ Purpose of trip, EIN, Authorized Reps, Countries, Modes of transport, List of goods.
$ Examples of Application Pages Available Online.
$ Lost, Stolen & Destroyed (LSD) Carnet Document Warranty
$ Temporary Storage & Transit Insurance (marine cargo insurance).
$ Delivery and payment. Budget Worksheet.
Cost to Obtain a Carnet Ex: $20,000 Value to Germany
Costs @ $20,000 Value
ATA Carnet
Duties & Taxes
Processing Fee $260 0
Carnet Bond* $100 0
Miscellaneous $100 0
Import Duty (min 5%) 0 $1000
VAT (19%) 0 $3800
Estimated Total $460 $4800
* $8,000 x 1% = $80 with $100 minimum premium
Selling Goods Overseas
$ Under a Permanent (Consumption) Entry no additional import-export forms are required.
$ For a Temporary Import, the entry becomes permanent: duties & taxes must be paid. $ Proof of payment of duties & taxes must be
presented to foreign customs. $ Or, a claim under the carnet will occur.
Contact Information
boomerang carnets CIB Carnet HelpLineSM 800.ATA.2900
[email protected] Website: www.ATACarnet.com
LinkedIn User & Discussion Group @ATACarnetExpert & @BoomerangFr8Gal
Facebook – Google+ Proud Sponsors of the U.S. Boomerang Team
Thank You
ATACarnet.com – 800.ATA.2900