Everything You May Not Know about Customs Invoice

As a business owner that deals in selling of goods and services to customers around the world, you should know that the customs invoice is vital to transporting your goods. You need to provide a duly filled out custom invoice before any courier can carry it. Moreover, without it, your products won’t be allowed into any country. However, how do you go about preparing this vital document? Keep reading to find out the answer and more from this article.

customs invoice

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Before you can prepare an invoice, you need an invoice template that fits your business requirements. Although you can find many invoice template sample online, uptocareer.com is the best place to search. They have hundreds of invoice templates samples and formats up for download for free. These free invoices are easy to download at no extra cost to you and available to every visitor who wishes to get it.

What is a Customs Invoice?

A customs invoice is defined as an extended form of the commercial invoice containing all the necessary information required by custom. It is requested by customs to determine the customs import value of the goods. You need to present the customs invoice so that our products can be cleared and your shipment exported.

What to include in a Custom Invoice

For your goods to be cleared by custom, you need to include some specific information on the customs invoice. If you are sending your products to Canada, the Canadian customs require more specific information. Find below the significant requirements for a custom invoice for clearance both regular and the Canadian custom invoice below.

1. Enter the shipper’s data (the exporter).
a. Enter the name and phone numbers of the contact person.
b. Provide the tax ID and VAT number where applicable.
c. In the "ship to" field, enter the name and address of the consignee.
d. Add the tax ID and VAT number of the receiver if applicable.
2. Enter the date.
3. Fill in the purchase order, invoice and return authorization number where appropriate.
4. Provide the terms of sales. For example, Cost and Freight (CFR) and Insurance and Freight (CIF).
5. Enter the value and description for each good separately and try to avoid generalization in your description.
6. The number of goods.
7. Units of measure.
8. Harmonized tariff codes if applicable or known.
9. Specify the worth of each product.
10. The total value of the products.
11. Enter the currency of settlement.
12. If there is any other extra information required, enter it too.
13. Provide the declaration statement as it is needed for goods that require license, exemption or license exemption.
14. Provide the Invoice line total.
15. Enter the discount amount if applicable.
16. Enter the transportation or freight charges (if known).
17. Provide the insurance charges (if known).
18. If known enter any other costs applicable.
19. Then enter the total amount of the invoice.
20. Provide your signature, title and date signed it is an essential requirement for all international exportation.

Once all the above information has been input into your commercial invoice, all that is left is careful consultation with your transportation company. There are several commercial invoice samples available on https://uptocareer.com.

Also, you can go through top companies’ invoices like FedEx commercial invoice, Ups commercial invoice and DHL commercial invoice. To get a comprehensive understanding of how it is done.

Home > Invoice Tips > What Customs Invoice Is and Why Your Business Needs It

Wondershare Editor

Posted by to Invoice Tips

Published Nov 30,2018 16:00 pm / Updated Dec 26,2018 22:33 pm


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