Flexport commercial invoice template
This information aids in financial calculations, inventory management, and regulatory compliance. Specifying the quantity and value of the goods is a fundamental aspect of a commercial invoice. This comprehensive information ensures clarity regarding the nature and specifications of the goods involved in the transaction. Goods description:Ī commercial invoice includes a detailed description of the goods being transacted.
These elements help organise and track the transaction, providing a reference point for both the buyer and the seller. The invoice date, unique invoice number, and order number constitute the transaction details. This information is vital for the buyer to identify the source of the goods and facilitates effective communication between the parties involved.
Register Now Seller’s details:Įqually important are the seller’s details, including their name, address, tax details, and contact information. Join thousands of Indian MSMEs who use CaptainBiz for a hassle-free billing solution. These details establish the recipient of the goods and provide essential contact information for communication. To ensure a smooth and transparent transaction, the buyer’s name, address, tax details, and contact information are crucial elements in a commercial invoice. Any additional remarks or instructions by the supplier to the importer.Ĭontent of Commercial Invoice Buyer’s details:.The supplier’s physical or digital signature is an authentication check for the authorised transaction.Information regarding the shipping bill, a detailed document filed with Customs to declare the type and value of goods intended for export.Indication of whether the export is conducted under a bond or a letter of undertaking to a Special Economic Zone or after the payment of Integrated Goods and Services Tax (IGST).The invoice’s total value includes insurance, freight, and taxes.Reflecting the currency conversion for export transactions is essential when dealing with currencies other than the Indian rupee.A unique alphanumeric combination sequentially arranged to record and track various transactions.The date the invoice is generated provides a reference point for the transaction.Comprehensive information about the goods sold or services supplied, encompassing rates, quantities (for goods), and corresponding amounts.The unique Goods and Services Tax Identification Number is assigned to registered taxable persons under the GST Act.The recipient’s name, address, and contact details facilitate communication between parties.Name, contact details and address, including email addresses and phone numbers, ensuring clear identification.The document comprehensively outlines the goods sold, including their detailed description, quantities, and pre-agreed values between the involved parties. Its primary purpose is to facilitate customs clearance and calculate applicable duties and taxes. What is a Commercial Invoice?Ī commercial invoice functions as an official export document, providing legal proof of a sale transaction between the buyer and the seller. While its format resembles a standard tax invoice, an export invoice incorporates additional details specific to international trade transactions. What role does the exporter’s GSTIN and IEC Code play in an export invoice?Īn export invoice is a formal document that outlines the particulars of goods or services supplied by an exporter and the corresponding amount owed by the importer.Can a commercial invoice be presented in foreign currency?.Differences between export and commercial invoices.Similarities in export and commercial invoices.