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HMRC internal manual

ATA/CPD Carnets Manual

From
HM Revenue & Customs
Updated
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Compensatory interest: circumstances where compensatory interest is not due

Where goods have been correctly entered under a carnet and then released to free circulation, compensatory interest is always payable except in the following circumstances:

(This content has been withheld because of exemptions in the Freedom of Information Act 2000)

  • the period to be taken into account is less than one month (This content has been withheld because of exemptions in the Freedom of Information Act 2000)  
  • the amount of compensatory interest applicable does not exceed €20 for each customs debt (This content has been withheld because of exemptions in the Freedom of Information Act 2000)  
  • where waste and scrap resulting from destruction is released to free circulation (This content has been withheld because of exemptions in the Freedom of Information Act 2000)
  • where the carnet holder requests release to free circulation and submits proof that particular circumstances, not arising from any negligence or deception on their part, make it impossible or uneconomic to carry out the re-export operation under the conditions anticipated when applying for the carnet (This content has been withheld because of exemptions in the Freedom of Information Act 2000)
  • travellers personal effects (This content has been withheld because of exemptions in the Freedom of Information Act 2000)  
  • goods for sports purposes imported by travellers (This content has been withheld because of exemptions in the Freedom of Information Act 2000)  
  • disaster relief material (This content has been withheld because of exemptions in the Freedom of Information Act 2000)  
  • sound, image or data carrying media (This content has been withheld because of exemptions in the Freedom of Information Act 2000)  
  • publicity material (This content has been withheld because of exemptions in the Freedom of Information Act 2000)  
  • goods to be exhibited or used at a public event (This content has been withheld because of exemptions in the Freedom of Information Act 2000) .(This content has been withheld because of exemptions in the Freedom of Information Act 2000)

In all cases where a decision is required in respect of an interest waiver and the carnet holder wishes to divert the goods in advance of the decision, a Miscellaneous Cash Deposit (MCD) must be taken as security for the amount of potential interest involved.