Commercial Invoice

Invoice Types

A customs document used in international trade that describes the transaction details.

Detailed Explanation

A commercial invoice is required for international shipments and serves as a customs declaration. It provides detailed information about the goods being shipped, including descriptions, quantities, values, country of origin, harmonized tariff codes, and terms of sale (Incoterms). Customs officials use this document to assess duties and taxes, while it also serves as a bill for the buyer. Commercial invoices must be accurate and complete to avoid delays or penalties at customs.

Examples

  • An exporter prepares a commercial invoice for international shipment
  • Customs requires a commercial invoice to calculate import duties

Related Terms

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