Commercial invoice is a commercial document which is used mostly in international trade transactions. It is a commercial document required by customs to determine true value of the imported goods, for assessment of duties and taxes.
Content of the Commercial Invoice
Although there is no standard format exist for commercial invoices but there are certain points that should be covered for using commercial invoice in an international trade:
Commercial Invoice Number
Commercial Invoice Date
B/L No and Date
Bill of Entry No and Date
Estimated Departure Date
Estimated Arrival Date
Product Information (name, unit cost, quantity etc.
All type of Commercial Invoice expenses such as Customs Duty, AIT, VAT, Regularity Duty, Supplementary Duty, Taxes etc. can be managed by PrismERP.