What is a commercial invoice?
A commercial invoice is a document used in international trade which details the sale of goods between a seller and a buyer. It provides information required for customs clearance.
What information does a commercial invoice include?
It includes product descriptions, quantities, values, seller and buyer details, and shipping information.
Why is a commercial invoice important?
Customs authorities use it to assess duties and taxes on imported goods. It also acts as proof of sale between parties.
When is a commercial invoice required?
It is required whenever goods are shipped across international borders.
Who prepares a commercial invoice?
The exporter or seller prepares the invoice and provides it to shipping and customs authorities.