Ficci to issue 1,000 ATA Carnets The Bengal Post, Kolkata, November 27, 2010
The Federation of the Indian Chambers of Commerce and Industries (Ficci) is planning to issue 1,000 ATA Carnets, an international customs document, in next two years from 345 Carnets at present.
In the current fiscal, Ficci is targeting to issue 400 Carnets accepted in 68 countries based on an international customs system of control and release.
It is eyeing Middle East, Arab, Indonesia and Bangladesh for inclusion in the Carnet list.
"The usage of ATA Carnet in India, that allows the temporary admission of duty and tax-free for commercial samples, professional equipment and goods intended for fairs and exhibitions into foreign countries is low whereas in countries like Australia and US it is five times higher per annum," said Nirankar Saxena, Assistant Secretary General, ficci, in a workshop in Kolkata on Friday.
"We are working with the ministry of finance and customs office for smooth functioning of ATA Carnet. Dubai and Hyderabad air cargo complex will be added shortly", added Saxena.