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TMI BlogAgreement between the India-Taipei Association in Taipei (ITA) and the Taipei Economic and Cultural Center in India (TECC) 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 ..... reon respectively under sub-section (7) and (9) of section 3,] of the said Customs Tariff Act , subject to the conditions that, - (1) the event specified in Schedule II annexed hereto is being held in public interest and is sponsored or approved by the Government of India or the India Trade Promotion Organisation; (2) the said goods are imported under an FICCI/TAITRA Carnet (hereinafter referred to as the Carnet) issued in accordance with the 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 signed on 20th March, 2013 and reproduced in Schedule III annexed hereto and the Carnet is guaranteed by the Federation of Indian Chamber of Commerce and Industry in India (hereinafter referred to as FICCI ); (3) the said goods in all respects conform to the description, quantity, quality, value and other specifications given in the Carnet duly certified by the Customs authorities in the territory of exportation; (4) the said goods shall be exported within a period of six months from the date of importation: Provided that where the goods are exported wi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ctivity to promote friendship between people, or to promote religious knowledge or worship; (d) Meeting of representatives of any international group of organisations; (e) Representative meeting of an official of commemorative character. Explanation:- The events specified in this Schedule do not include exhibitions organised for private purposes in shops or business premises with a view to promote the sale of foreign goods. SCHEDULE-III 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 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 considerable advantages to the common commercial and cultural activities of the Contracting Parties, Have agreed as follows: CHAPTER I D ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n 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. They shall indicate on the cover of the FICCI/TAITRA Carnet the territory in which it is valid and the names and the addresses of the corresponding Guaranteeing Associations. (2) Once a FICCI/TAITRA Carnet has been issued, no extra item shall be added to the list of goods enumerated on the reverse of the front cover of the Carnet, or on any continuation sheets annexed thereto (General List). Article 5 The period fixed for the re-exportation of goods imported under cover of a FICCI/TAITRA Carnet 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and regulations of the territory concerned do not provide for the deposit or provisional payment of import duties, payments made in conformity with the provisions of the preceding paragraph shall be regarded as final, but the sums paid shall 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 Customs authorities on a voucher which has been detached from the Carnet on re-importation into the exporting territory, provided that the particulars relate to an importation which can be proved to have taken place after th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y 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 present Agreement, be free to take proceedings against persons using FICCI/TAITRA Carnets, for the recovery of the import duties and other sums payable and also for the imposition of any penalties to which such persons have rendered themselves liable. In such cases, the Associations shall lend their assistance to the Customs authorities. Article 16 The Annex to the present Agreement shall be construed to be an integral part of this Agreement. Article 17 The provisions of the present Agreement set 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 ba ..... X X X X Extracts X X X X X X X X Extracts X X X X
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