ATA Carnet to boost Kashmir exports DMA NEWSDESK, April 12, 2012
Leading exporters of Jammu and Kashmir participated in the workshop organised on April 05,2012 at the convention Centre by FICCI on ATA Carnet a boon for exporters and exhibitors. ATA Carnet is a temporary admission document which simplifies custom procedures and clearances in a foreign country. The ATA Carnet allows the goods for which it has been issued to enter any of the participating country up to one year. This saves the exporter and exhibitor from the hassle of custom declaration or deposit of guarantee money.
At present 71 countries recognise ATA Carnet including Australia, Canada, France, Germany, Japan, Korea, Malaysia, Spain, UAE, United Kingdom and USA. The move to expand the scope of ATA Carnet is under active consideration of the Government. In the workshop Mr. Nirankar Saxena, Director FICCI told the audience about the working of the ATA Carnet and its advantages.
Mr. Abdul Hamid Punjabi, President of Kashmir Chamber of Commerce and Industry in his address said that Jammu and Kashmir which exports many high valued goods said that the state suffered because no assistant Commissioner of customs was permanently stationed in Srinagar. He said that exports from State can grow if the formalities were simplified.
Mr. P.S. Pruthi, Chief Commissioner Customs, Excise and Service Tax for Punjab, Himachal Pradesh and Jammu and Kashmir advocated the need for expanding the international trade by use of items like ATA Carnet for temporary admission. He said that the Government has simplified the procedures to encourage international trade including temporary admission of goods for exhibitions and their sales.