Can anyone give guidance on exactly what information should be contained in a Commercial Invoice and Packing List to aid in a seamless customs clearance? (Possible suggest good samples documents).
- Is it accepatble to have a single document (combined Commercial Invoice/Packing List) if all of the requried information is contained within the single document.
- Are there specific declarations which should be written on the Commercial Invoice?
- If the goods cannot be valued using transactional value, and the Computed Method (cost plus) is used, should this method of valuation be highlighted on the Commercial invoice ... or will that just draw attention to the value and potentially lead to further delays in processing through customs?
- Who is responsible for completing the Declaration of Dutiable Value form ... the shipper or the customs agent?
Your thoughts and comments are welcome.
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The following information should be consisting in a Commercial Invoice,viz:-
- The name, complete address, IEC No, BIN No of the Exporter
- The name, complete address of the importer.
- Description of goods, qty, value, total value, gross weight , Net weight, Dimension, exemption notification no. currency, Incoterms etc.
- Export benefit available to the exporter and which export promotion scheme they intend to avail.
- ARE-1 No., Packing slip no. on the commercial invoice.
Single documents may not be entertained by Customs authorities. Packing list is also mandatory.
If you intend to avail export promotion scheme's benefit then such information must be mentioned on the invoice.
There is no need to mention the process of valuation under which goods will be valued for assessing customs duty.
CHA is responsible to submit such declarations.