The Central Board of Excise & Customs (CBEC), Department of Revenue, Ministry of Finance, Government of India announces the Expansion of Scope of ATA Carnet System in India vide its Notification No.58/2016-Customs dated 5th October 2016 by amending the earlier Notification No. 157/90-Customs dated 28th March 1990 extending the scope to cover private exhibitions, fairs, meetings, demonstrations, similar show or display.Presently, the ATA Carnet facility is restricted to only goods meant for government approved exhibitions, fairs, meetings or similar events. This was one of the major hurdles faced by the foreign businessmen who wish to do business in India.
Welcoming the government’s announcement, Dr. A. Didar Singh, Secretary General, FICCI said, “The expansion of scope of ATA Carnet System is one of the various initiatives by FICCI and the Government to encourage greater usage of the ATA Carnet and smooth functioning of the system in India. It will contribute effectively to the government’s ambitious programme of ‘Ease of doing business – Make in India’ and lead to increase benefits of the Indian and foreign businessmen in a big way.”