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Brazil to Begin Accepting, Issuing ATA Carnets

The Brazilian Federal Revenue Service has announced plans to begin recognising ATA carnets issued by other countries sometime in August and Brazil’s 27 industry federations are expected to begin issuing carnets in September. However, there is still no definitive implementation date and CAMEX, the Foreign Trade Chamber of Brazil, has yet to publish rules for handling sensitive or controlled goods.

Also known as “merchandise passports,” ATA carnets are international customs documents that ease temporary imports of commercial samples, professional equipment, and goods for exhibitions and fairs by simplifying customs procedures, eliminating duties and value-added taxes, and replacing the purchase of temporary import bonds. They operate under international customs conventions administered by the World Customs Organisation and serve as a guarantee against the payment of customs duties that may become due on goods temporarily imported and not re-exported. The carnet guarantee is based on an arrangement whereby a national association is held jointly and severally liable with the carnet holder for compliance with customs procedures for which the carnet was issued.

Brazil’s recognition of carnets will thus allow, for example, expedited imports of eligible equipment for the summer Olympic Games that will be held in Rio de Janeiro in August. Further, the issuance of carnets by Brazil will allow Brazilian exporters to ship covered goods to dozens of participating countries and territories for up to 12 months without paying import duties and taxes.

Content provided by Picture: HKTDC Research
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