Carnet Law and Legal Definition

Carnet means “an international customs document that allows the carnet holder to import into the U.S. or export to foreign countries certain goods on a temporary basis without the payment of duties.” [15 CFR 30.1; Title 15 -- Commerce And Foreign Trade; Subtitle B -- Regulations Relating To Commerce And Foreign Trade; Chapter I -- Bureau Of The Census, Department Of Commerce; Part 30 -- Foreign Trade Regulations; Subpart A -- General Requirements]