Significance of Commercial Invoice in International Trade

 

Features of Commercial Invoice in Import and Export Business


Significance of Commercial Invoice in International TradeThe following information explains about the significance of Export and Import Trade.


(A) It is prima facie evidence of the contract of sale and purchase of goods. On the basis of the invoice, all the other documents, in the context of export are prepared as is the basic document.

(B) Invoice constitutes' man document for various export formalities such as pre-shipment inspection, quality excise, and customs procedures.

(C) It is useful for accounting purposes both by the exporter and importer.

(D) This document is required in collection/negotiation of documents through the bank

(E) For claiming incentives, this document is essential.



This post provides information about features of commercial invoice in import and export. If you would like to add more information about significance of commercial invoice in import and export business, please share your comments below:


 

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