![]() To begin, lets deconstructing the essential elements. It’s important to state here, that it is a common misconception that all shipments involving returns are always duty and tax free. In this article, we discuss the key mistakes leading to this issue, and explain how you can correct these mistakes with the proper knowledge. All it takes is the knowledge to correctly prepare your shipment’s paperwork. What may be surprising to hear is that most of these situations are preventable. Hundreds of companies around the world are faced with this dilemma each day. You thought the shipments were items in need of repair or calibration, or maybe they were warranty items, or just being returned because they were the wrong parts. Have you or your customers ever been surprised by an unexpected bill for customs duties and taxes? Confusion sets in. If you end up claiming on the goods, the main supporting document for the claim is the commercial invoice.Ĭommercial invoices make the work for you, your customers, border authorities and couriers becoming easier.Do you know how to correctly prepare your shipment paperwork to avoid customs duties and taxes when, and where possible when making a repair and replace or warranty replacement shipment? More cargo information is provided for your customers in the commercial invoice. HS is a code number created to unify international trade goods and classification worldwide, and is an import and export statistics item number used to classify items when exporting goods. You need to fill in the details of the goods such as the weight, name, and type of the goods.Įach invoice has an invoice number, which is uniformly numbered by each company. The invoice is the document with the earliest date of issuance, generally no earlier than the date of the contract and no later than the date of signing the bill of lading. The company place and date are on the top right corner of the invoice. Write the product unit price and total price. It is necessary to indicate the port of departure and destination of the goods, and if transshipment is required, indicate the transshipment place. The commercial invoice requirements include: It is the buyer’s obligation to ensure that the commercial invoice used for shipping is correctly formatted in order to avoid any delays at Customs. The commercial invoice must accompany when shipping cargo. , the scale of customs in different countries is different, but it will affect the customs clearance of mail to a certain extent. However, according to the requirements of customs of various countries, attaching proforma invoices is the basic requirement for mail delivery. Indeed, in many cases, customs clearance will be carried out without attaching proforma invoices. ![]() It should be reminded that many customers, especially online sellers, do not have the habit of attaching proforma invoices when shipping cargo. The proforma invoice is used for small-value trade, especially online transactions between private individuals, as well as gifts and samples given. As the name suggests, proforma invoices are not official invoices and are not binding.Īs import and export declaration documents, there is also a difference between commercial invoices and proforma invoices.Ĭommercial invoices are mainly used for declaration documents for large-scale international trade, while proforma invoices are literally understood only in form. Proforma Invoice (PI) is an informal invoice that contains the name, specifications, unit price, and other information of the cargo.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |