Consular Invoice

Posted on 28 April 2023 Category : Export Import Terms

Consular Invoice

Consular invoice is a document required mainly by the Latin American countries, Kenya, Uganda, Tanzania, Mauritius, New Zealand, Myanmar, Iraq, Australia, Fiji, Cyprus, Nigeria, Ghana, Guinea, Zanzibar, etc. This invoice is an important document, which needs to be submitted for certification to the Embassy of the importing country concerned. The main purpose of the consular invoice is to enable the authorities of the importing country to collect accurate information about the volume, value, quality, grade, source, etc., of the goods imported f the purpose of assessing import duties and also for statistical purposes.

In order to obtain Consular invoice, the exporter is required to submit three co of invoice to the Consulate of the importing country concerned. The Consulate the importing country certifies them in return for fees. One Copy of the invoice is given to the exporter while the other two are dispatched to the customs office of The importer’s country for calculation of import duty. The exporter negotiates a copy of the consular invoice to the importer along with other shipping documents.

Significance of Consular Invoice For Exporter:

(a) Consular invoice facilitates quick clearance of goods from customs in exporter's as exporter’s well as importer’s country.

(b) Certification of goods by the Consulate of the importing country indicates that ' the importer has fulfilled all procedural and licensing formalities for importation.

(c) Once a consular invoice is certified by Um Consulate, the exporter is assured of the payment from the importing Country.

Significance of Consular Invoice for Importer:

(a) Consular invoice facilitates quick clearance of goods from the customs at the port of destination and therefore, the importer gets quick delivery of goods.

(b) Importer is assured that the goods imported are not banned for imports in his country.

Significance of Consular Invoice for Customs Office:

(a) Consular invoice makes the task of the customs authorities easy.

(b) It facilitates quick calculation of duties as the value of goods as determined by the Consulate is

considered for the purpose.

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