P>Hey guys its mat there from Arc transportation, and today I'm going to answer the question of what is a commercial invoice. A commercial invoice is a special document that's required for international shipments to clear the customs process. Now why do customs agencies require commercial invoice? Each country looks at the goods that are entering their borders, and they must quickly determine what the product is where it came from and its monetary value, so they can calculate the relevant taxes tariffs and duties. Now who pays for those charges is actually determined by their terms, and we have a video explaining that if you're not sure what those are I'll link to that below. To create or fill out a commercial invoice you'll need to have the following information first: information on the buyer and the seller, the seller being the exporter and the buyer being the importer, which is also known as the consignee or the importer of record since they are the ones requesting the goods to enter the country. You'll need both parties name or business names city and street addresses phone numbers postal codes countries and tax identification numbers next you're going to need an invoice number and an invoice date. Now the invoice number should be a unique number that will only be used for that shipment this could also be a booking number or a PO number that's used for that order. You will need a description of the products that you're selling as well as the quantity of units total weight, the price per unit, a subtotal and a total price. Accuracy is key here as improper data can cause items to be flagged during the customs process. You also need to provide the country of origin which is the country...
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About Non Commercial Invoice
A non-commercial invoice is a document that lists the details of a transaction for goods or services provided without involving any commercial or business activities. It is typically used in situations where goods or services are exchanged between individuals or organizations for personal use or non-profit purposes. The non-commercial invoice includes essential information such as the description of the goods or services, quantity, unit price, total amount due, and any applicable taxes or fees. It may also include additional details like the names and addresses of the parties involved, payment terms, and any terms or conditions of the agreement. Non-commercial invoices are required in various scenarios, including: 1. Personal transactions: When individuals exchange goods or services for personal use, such as selling personal belongings or providing services for friends or family members. 2. Donations: Non-profit organizations often issue non-commercial invoices to document goods or services received as donations for their charitable activities. 3. Volunteer services: If an individual provides voluntary services to an organization, a non-commercial invoice may be used to acknowledge the value of the services rendered. 4. Educational or research purposes: In academic settings, non-commercial invoices can be used to record transactions related to research grants, collaboration agreements, or when purchasing equipment or materials for educational purposes. In summary, a non-commercial invoice is a document used to record transactions involving goods or services without any commercial nature. It is mainly required in personal or non-profit scenarios, where individuals or organizations need to document the exchange of goods or services for personal use, donations, volunteer services, or education/research purposes.
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