What is a commercial invoice?
A commercial invoice is a document used when exporting and importing goods. It serves as the basis for customs clearance and includes information about what is being sold, who is selling it, and the value of the goods.
Customs authorities use the commercial invoice to assess duties, taxes, and to ensure that the goods comply with applicable regulations.
What does a commercial invoice include?
A commercial invoice typically includes:
- Seller’s and buyer’s name and address
- Description of the goods
- Quantity, weight, and value
- Country of origin
- Currency and payment terms
- Delivery terms (Incoterms)
It is important that the information is accurate and clearly stated to avoid delays in customs processing.
When is a commercial invoice used?
A commercial invoice is used for:
- Exporting goods outside the EU
- Importing goods into the EU
- Customs clearance of international shipments
It is required in most cases when goods have a commercial value.
Why is the commercial invoice important?
The commercial invoice is a key document in international trade. Incorrect or incomplete information can lead to:
- Delivery delays
- Incorrect duties and taxes
- Additional costs
A properly completed commercial invoice ensures that goods can pass through customs smoothly and without unnecessary issues.
