What Is Commercial Invoice
What is a commercial invoice?
A commercial invoice is a document used in international trade that provides important information about a shipment. It serves as a bill for the goods purchased, contains details about the buyer and seller, and provides a comprehensive description of the items being shipped. A commercial invoice is used by customs officials to determine the value of the goods and calculate import duties and taxes.
What are the types of commercial invoices?
There are two main types of commercial invoices: 1. Proforma Invoice: This type of invoice is used before the shipment of goods to provide a preliminary estimate of costs to the buyer. It is not considered a legal document and cannot be used for customs clearance. 2. Final Commercial Invoice: This is the official invoice provided to the buyer by the seller after the goods have been shipped. It includes the final prices, shipping details, and all necessary information for customs clearance.
How to complete a commercial invoice
Completing a commercial invoice accurately is crucial for smooth customs clearance. Here are the steps to follow: 1. Obtain the necessary information: Gather all the required details, including the buyer and seller information, item descriptions, quantities, and values. 2. Use a reliable template: To ensure accuracy and professionalism, use a trusted platform like pdfFiller to create your commercial invoice. 3. Fill in the details: Enter the information in the designated fields, including the buyer and seller's names and addresses, item descriptions, quantities, and prices. 4. Include additional information: If applicable, provide additional details such as Incoterms, payment terms, and any special instructions. 5. Review and verify: Double-check all the entered information to ensure accuracy and completeness. 6. Save and share: Save the completed commercial invoice as a PDF and share it with the necessary parties for further processing.
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