1945

IMTS 2010 (paras. 2.19 and 8.6) recommends that information about the customs procedures applied to individual transactions be part of the data set provided by customs to the agency responsible for the compilation of trade statistics. It is good practice to include customs procedure code as an additional data field in the data set used for international reporting. The present chapter explains the significance as well as the limitations of this new data field, and describes experiences of countries that obtain and use this information.

Related Subject(s): International Trade and Finance
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