We know that the standard and electronic forms fulfill the same purpose and look similar. electronic comparisonĪlthough both forms contain the same information, a commercial invoice is only electronic if it is curated, sent, and received in a systematic electronic format that allows for automated and electronic processing. The commercial invoice helps customs determine applicable duties, taxes, and fees based on the important information it contains about the goods being shipped, the shipper and receiver, and the transportation specifics. The commercial invoice is the primary document that allows a shipment to pass through customs into the importing country. What is a commercial invoice?Ī commercial invoice is required on all non-document cross-border shipments. To better understand electronic commercial invoices, it helps to understand what a commercial invoice is and how the electronic version differs from the standard. If you’re an importer, exporter, or someone that plays a role in the trade industry, then you are likely aware of commercial invoices, but what about their electronic counterparts? Electronic invoices are becoming more widely used and are sometimes required, so it’s important to be familiar with them. Involves a digitized invoicing process in other words, it is an invoice that isĬreated, sent, and received electronically. Learn the purpose and benefits of electronic commercial invoices.Īn electronic commercial invoice is a paperless trade document that
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