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 What Value Should Be on the Commercial Invoice Submitted 2023-2024

No Commercial Value Invoice Sample 2023-2024 Form

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hey guys it's matt here from arc transportation and today i'm going to answer the question of what is a commercial invoice [Music] 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 well 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 inco terms and we have a video explaining that if you're not sure what those are i'll link to that below now to create or fill out a commercial invoice you'll need to have the following information first is 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

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