What is Boomerang FreightSM?
Boomerang FreightSM is any shipment of goods, equipment or merchandise that travels out of a country and later returns to that country in its original form. Since this type of merchandise is never intended to enter the commerce of the destination country it can be considered duty free and tax free for a limited period of time. Typically, if the goods are not re-exported within that time period they are assumed to have entered the commerce of the destination country and are dutiable and taxable.
The ATA Carnet is called The Merchandise Passport for Boomerang FreightSM because it certifies that the goods listed on its General List will enter and leave the destination country(ies) with one year, returning to their orginal country of departure.
Examples of Boomerang FreightSM are:
Musical Instruments for an Orchestra Tour
Acoustical Testing Equipment for a Performance Venue
Computer Network Routers for Testing or Demonstration
Photographers Camera Equipment
Artifacts for Display or Exhibition
Trade Show Booths
Trucks or Trailers Equipped with Training Materials
Vehicles for Racing or Exhibition
Bloodstock and Livestock
Garments for a Fashion Show
Sets and Props for a Live Theater, Dance or Opera Performance
Samples of Manufactured Goods