Changes in nature of transaction codes
Aivaras Kasperas
Customs Compliance & Risk Management (CCRM) Journal, Issue 13, February / March 2022
March 20, 2022
Photo from Pexels
As of January 1st this year, the corresponding changes made by the European Commission in regard to the nature of transaction codes (see new codes in the Annex below) provided in the data element ‘Nature of transaction (8/5)’ of the customs declaration have affected many businesses, and many of them have questions about which transaction code is to be used instead of the previous ones.
- Rinka: EU - European Union , Europe
- Leidinio autorinės teisės: CC Learning, UAB