Commercial invoice
Documents and procedures
Detailed commercial invoice serving as the basis for customs value.
The commercial invoice is an essential document in international trade, serving as the basis for determining the customs value of imported or exported goods. It contains detailed information about the products, such as description, quantity, unit price, total amount, as well as the terms of sale and delivery.
Why is it crucial?
The commercial invoice is used by customs authorities to calculate applicable duties and taxes. An accurate and complete invoice can prevent delays and complications during customs clearance.
What should it contain?
- Name and address of the exporter and importer
- Detailed description of the goods
- Quantity and unit price
- Total value of the transaction
- Terms of sale (Incoterms)
- Date of issue and invoice number
Practical tips
- Ensure all information is accurate and up-to-date.
- Use clear and precise descriptions to avoid any ambiguity.
- Verify that the Incoterms used match the terms of your contract.
In conclusion, a well-prepared commercial invoice not only facilitates the customs process but also contributes to a smooth and seamless business relationship. For more information on drafting commercial invoices, check out our comprehensive guide on customs documents.