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Carnet Bond to India Raised to 55%

Please be advised that, as of November 10, 2017, the security deposit amount required for U.S.-issued ATA Carnets going to India has been raised to 55% of the value. All ATA Carnets issued by boomerang carnets to India will be issued with a carnet bond set at 55% of the value of the goods listed on the General List.

Carnets are accepted for exhibitions and fairs, whether government sanctioned or private. Goods imported into India under cover of ATA Carnets have to be re-exported within the six-month period following their importation. To remain in India longer than the six-month period, obtain approval therefore (1) from the Customs office of import; (2) before the six-month period has expired. Failing such approval within the 6 month period and prior to expiration, duties, taxes and interest would become payable.

FICCI (the Indian ATA Carnet National Guaranteeing Association) charges 1200 RPS per guarantee letter issued to facilitate customs clearance.

Indian Customs offices at the following ports are authorized to handle ATA Carnets:

New Delhi (National Capital Territory of Delhi – North India)
Mumbai (Maharashtra – West India)
Chennai (Tamil Nadu – South India)
Kolkata (West Bengal – East India)
Cochin (Kerala – South India)
Bangalore (Karnataka – South India)
Dadri -Noida – ICD (Uttar Pradesh – North India)
Hyderabad – ICD (Andhra Pradesh – South India)
Goa Airport – ICD (South India)
Ahmedabad (Gujarat – West India)

The typical ATA Carnet bond required is 55% of the value if traveling to India, 60% if traveling to Brazil and may vary for temporarily vehicles regardless of country visited.

If you experience any problems or have questions about this update please contact the boomerang carnets® Carnet HelpLine® at (800) ATA-2900 / (800) 282-2900 or e-mail us.