Commercial invoice
A commercial invoice is a document used in international trade that itemizes the goods sold and indicates the amount due for payment. It serves as a bill between the seller and buyer, providing details such as the products' description, quantity, price, and terms of sale. This invoice is crucial for customs clearance when goods are shipped across borders, helping authorities determine duties and taxes. It ensures both parties have a clear record of the transaction and is essential for proper accounting and regulatory compliance.
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A commercial invoice is a key document used in international trade that acts like a bill for goods sold. It details what was purchased, including descriptions, quantities, and prices, and serves to facilitate customs clearance when shipping items across borders. The invoice typically includes information about the buyer and seller, payment terms, and shipping details. It's essential for both parties, as it helps buyers know what they owe and assists customs in determining duties and taxes on imported goods. Essentially, it is a formal record of a transaction between a buyer and a seller.