These details are mandatory to be mentioned on the parcel. However, it gives some brief details such as the weight of the shipment, the names of the source and destination of the shipment, the date on which the shipment has been sent, and much more. The invoice never tells what is inside the shipment. The invoice also mentions the method using which both seller and the buyer have agreed to complete the process of the transaction. The buyer should read it carefully because he cannot go against them or refuse to accept them once he has accepted the imported product and paid for it. This section of the commercial invoice protects the rights of both parties. Just like any other invoice, this one also mentions the conditions under which the transaction is taking place. These details are essential for the buyer as well as for the customs authorities as they have to know if you are paying the tax properly or not and it totally depends on the total bill. It usually shows the complete breakdown of the cost of the product including shipping charges, GST tax, withholding tax, and much more. Total bill:Īn invoice shows the total amount to be paid by the buyer. Our free Packing Slip spreadsheet is for businesses using our sales invoice template that have requested a corresponding packing slip. Therefore, it should specify the names, addresses, contact details, countries of origin, and everything regarding the seller and the buyer. Download a Packing Slip Template for Microsoft Excel® and Google Sheets - Updated. Details of the seller and buyer:Īn invoice is incomplete if details of both parties involved in the transaction are not given. You may also add your contact details and license number to show that your brand is a registered brand. So, mention the name of the company as well as its logo in the header section. If you are going to start your new business and you want to know how to design a new commercial invoice, you should include the following elements to it: Name of the business and logo:Īn invoice that your business issues should show its association with your business. What are the common elements of the commercial invoice? It makes the import-export process simpler and more convenient as it is often complex as so many authorities such as tax authorities, custom team, shipping officers, etc.If there is any disagreement or the product received was not up to the mark, the buyer will need it to prove that the transaction did happen and the invoice is its tangible evidence. It also handles all disputes professionally.This way, processing of the payment becomes easy. When the buyer receives it, he comes to know how much he is required to pay. A commercial invoice always helps the seller and the buyer in the processing of the payment.They are also important for the following reasons: Things become very easy for the seller as well as the buyer when they use a commercial invoice. After that, they allow a product to be shipped. They read the invoice and gather briefs of the transaction. The customs authorities deem a sale legal and lawful if it has an invoice attached to it. When products are shipped from one country to another, they need to get customs clearance. Why a commercial invoice is deemed important?