BANKING AFFAIRS

Detailed explanation-1: -One of the most important documents in international trade, the Commercial Invoice is a contract and proof of sale issued by the seller to the buyer. This document describes the goods being sold and details the price, value, and quantity of the goods.

Detailed explanation-2: -What Is The Difference Between a Commercial Invoice and an Invoice? An invoice is a bill issued by a business after the delivery of a product or service, to detail the sale and to request payment. A commercial invoice, on the other hand, is a type of invoice used for international deliveries.

Detailed explanation-3: -In simple words, a commercial invoice is an export document that serves as legal evidence of a sale transaction between the buyer and the seller. It is mainly used for clearance purposes with regard to customs and helps in the determination and assessment of duties and taxes payable.

Detailed explanation-4: -Commercial documents are written records of commercial transactions describing various aspects of those transactions. They may include orders, invoices, shipping documents, transport papers, and certificates of origin.

Detailed explanation-5: -An invoice is an itemized commercial document that records the products or services delivered to the customer, the total amount due, and the preferred payment method. The seller can send either paper or electronic invoices to the customer.