What does a carnet facilitate?

A carnet is an international customs document that facilitates the temporary importation of goods without having to pay duties and taxes. This powerful tool allows goods to be moved across borders for a limited period, often for purposes such as trade shows, exhibitions, or repairs, without the need to settle import duties upfront.

When using a carnet, customs authorities are assured that the goods will be re-exported within a specified time frame, typically one year. This is particularly beneficial for companies or individuals who need to bring equipment or materials into a country temporarily, as it simplifies administrative procedures and reduces costs associated with customs duties.

The other options do not align with the specific role of a carnet. Permanent exportation of goods involves different customs processes and documentation. Insurance coverage during transit is a separate aspect that deals with risk management and protection against loss or damage, not a function of a carnet. Tax exemptions for exporters also pertain to other regulatory frameworks and incentives that do not specifically involve the temporary importation process covered by a carnet.