TMI BlogAGREEMENT BETWEEN THE INDIA-TAIPEI ASSOCIATION IN TAIPEI AND THE TAIPEI ECONOMIC AND CULTURAL CENTER IN INDIA ON THE FICCI/TAITRA CARNET FOR THE TEMPORARY ADMISSION OF GOODSX X X X Extracts X X X X X X X X Extracts X X X X ..... ies ), Having in mind the facilitation of the procedures for the temporary duty-free importation of goods from each others' territories, Convinced that the adoption of common procedures for the temporary duty-free importation of goods would afford considerable advantages to the common commercial and cultural activities of the Contracting Parties, Have agreed as follows: CHAPTER I DEFINITIONS AND APPROVAL Article 1 For the purpose of the present Agreement and the Annex hereto, the term: (a) import duties means Customs duties and all other duties and taxes payable on or in connection with importation and shall include all internal taxes and excise duties chargeable on imported goods, but shall not i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xcise and Customs, Department of Revenue, Ministry of Finance, New Delhi, or the Customs Administration, Ministry of Finance, Taipei, as the case may be. Article 2 The approval of an Issuing Association may be subject, in particular, to the condition that the price of FICCI/TAITRA Carnets shall be commensurate with the cost of services rendered. CHAPTER II SCOPE Article 3 Customs Administration in the territory of each Contracting Party may accept FICCI/TAITRA Carnets valid for its territory and issued in accordance with the conditions laid down in the present Agreement, in lieu of its Customs documents and as due security for the sums referred in Article 6 of the present Agreement, for temporary importation of goo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... payment of such sums without demur or protest. (2) The liability of the Guaranteeing Association shall not exceed the amount of the import duties by more than ten percent. (3) When the Customs authorities of the territory of importation have unconditionally discharged a FICCI/TAITRA Carnet in respect of certain goods, they can no longer claim from the Guaranteeing Association payment of the sums referred to in paragraph (1) of this Article in respect of these goods. A claim may nevertheless still be made against the Guaranteeing Association if it is subsequently discovered that the discharge of the Carnet was obtained improperly or fraudulently or that there had been a breach of the conditions of temporary admission or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... be refunded if the proof referred to in paragraph (1) of this Article is furnished within three months of the date of the payment. Article 8 (1) Evidence of re-exportation of goods imported under cover of a FICCI/TAITRA Carnet shall be provided by the re-exportation certificate completed in that Carnet by the Customs authorities of the territory into which the goods were temporarily imported. (2) If the re-exportation of goods has not been certified in accordance with paragraph (1) of this Article, the Customs authorities of the territory of importation may, even if the period of validity of the Carnet has already expired, accept as evidence of re-exportation of the goods: (a) the particulars entered by the Cus ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cting Party shall, at the request of the Issuing Association and subject to such conditions as those authorities may prescribe, accept a replacement document, the validity of which expires on the same date as that of the Carnet which it replaces. Article 12 (1) When goods temporarily imported cannot be re-exported as a result of a seizure, other than a seizure made at the suit of private persons, the requirement of re-exportation shall be suspended for the duration of the seizure. (2) The Customs authorities shall, so far as possible, notify the Guaranteeing Association of seizures of goods admitted under cover of FICCI/TAITRA Carnets guaranteed by that Association and shall advise it of the measures they intend to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... RA Carnet system. CHAPTER VII FINAL PROVISIONS Article 18 A Protocol based on the principles of this Agreement shall be made between the Guaranteeing Associations of the Contracting Parties to prescribe their rights and obligations. Article 19 (1) The Contracting Parties shall meet as and when necessary in order to consider the operation of the present Agreement and in particular in order to consider measures to secure uniformity in the interpretation and application of the present Agreement. (2) The Contracting Parties shall lay down the rules of procedure for their meetings. (3) The present Agreement may, at the request of either Contracting Party, be revised by mutual consent. Arti ..... X X X X Extracts X X X X X X X X Extracts X X X X
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