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of <h1>India-Taipei Agreement Enables Duty-Free Imports for Events Under FICCI/TAITRA Carnet System, Boosting Cultural Exchanges.</h1> The agreement between the India-Taipei Association in Taipei and the Taipei Economic and Cultural Center in India facilitates the temporary duty-free importation of goods under the FICCI/TAITRA Carnet system. This arrangement exempts goods imported for public events from customs duties, provided they are re-exported within six months, extendable by another six months. The Federation of Indian Chambers of Commerce and Industry (FICCI) guarantees compliance with these conditions. The agreement outlines procedures for issuing and using Carnets, the responsibilities of guaranteeing associations, and provisions for resolving disputes. It aims to enhance commercial and cultural exchanges between the parties.
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