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AGREEMENT 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 GOODS

Appendix-1 - Regulation - Customs - Appendix-1 - Appendix-1 (See Regulation 3) PREAMBLE The India-Taipei Association in Taipei and the Taipei Economic and Cultural Center in India (hereinafter referred to as "the Contracting Parties"), 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 considera .....

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ed in amount to the approximate cost of services rendered and do not represent an indirect protection to domestic products or a taxation of imports for fiscal purposes; (b) "temporary admission" means temporary importation free of import duties in accordance with the provisions of Article 3 of the present Agreement or by the laws and regulations in effect in the territory of importation; (c) "transit" means the conveyance of goods from a Customs office to another Customs offi .....

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in India approved for the issue of FICCI/TAITRA Carnets; (f) "Guaranteeing Association" means FICCI for India-Taipei Association in Taipei and TAITRA for Taipei Economic and Cultural Center in India approved to guarantee the sums referred to in Article 6 of this Agreement; (g) "person" means natural or legal persons, unless the context otherwise requires; (h) "Customs Administration/authorities" means the Central Board of Excise and Customs, Department of Revenue, .....

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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 goods for display or use at exhibitions, international fairs, meetings or similar events as per the laws in force in its territory. CHAPTER III ISSUE AND USE OF FICCI/TAITRA CARNETS Article 4 (1) Issuing Associations shall not issue FICCI/TAITRA Carnets with a period of validity exceeding one year from the date of issue .....

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t shall not in any case exceed the period of validity of that Carnet. CHAPTER IV GUARANTEE Article 6 (1) Each Guaranteeing Association shall undertake to pay to the Customs authorities of the territory in which it is established the amount of the import duties and any other sums payable in the event of non-compliance with the conditions of temporary admission, or of transit, in respect of goods introduced into that territory under cover of FICCI/TAITRA Carnet issued by a corresponding Issuing As .....

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t 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 of transit. (4) Customs authorities shall not in any circumstances require from the Guaranteeing Association payment of the sums referred to in paragraph (1 .....

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id down in the present Agreement or of any other proper discharge of the FICCI/TAITRA Carnet. (2) If such proof is not furnished within the time allowed, the Guaranteeing Association shall forthwith deposit, or pay provisionally, such sums. This deposit or payment shall become final after a period of three months from the date of the deposit or payment. During the latter period the Guaranteeing Association may still furnish the proof referred to in the preceding paragraph with a view to recovery .....

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CI/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 .....

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rtain goods admitted into their territory under cover of a FICCI/TAITRA Carnet, the Guaranteeing Association shall be discharged from its obligations only when those authorities have certified in the Carnet that the position regarding those goods has been regularized. Article 9 In the cases referred to in paragraph (2) of Article 8 of the present Agreement, the Customs authorities shall have the right to charge a regularization fee. CHAPTER VI MISCELLANEOUS PROVISIONS Article 10 Customs certific .....

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he 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 possibl .....

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acting Party, shall be admitted free of import duties and free of any import prohibitions or restrictions. Corresponding facilities shall be granted at exportation. Article 14 For the purposes of the present Agreement, territory means the territory in which the Customs laws are administered by the respective Customs Administration/authorities. Article 15 In the event of fraud, contravention or abuse, the Customs authorities of the Contracting Parties shall, notwithstanding the provisions of the .....

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t out the minimum ones to be accorded and do not prevent adding more provisions when necessary to facilitate the implementation of the FICCI/TAITRA 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 .....

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