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Circular 2020/C/99 about Incoterms 2020

Source Fisconet

On 13 July 2020, the Belgian General Administration of Customs and Excise issued a circular letter relating to Incoterms. Incoterms are international trade terms adopted by the International Chamber of Commerce.

Besides a general explanation of the concept of Incoterms, the circular explains the most recent version of the rules, which are the Incoterms 2020. Additionally, the circular letter contains a specific paragraph about the link between Incoterms and customs valuation.

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