commercial invoice

  

Definition

Document required by customs to determine true value of the imported goods, for assessment of duties and taxes. A commercial invoice (in addition to other information), must identify the buyer and seller, and clearly indicate the (1) date and terms of sale, (2) quantity, weight and/or volume of the shipment, (3) type of packaging, (4) complete description of goods, (5) unit value and total value, and (6) insurance, shipping and other charges (as applicable).

Use commercial invoice in a sentence

  • When you send a package via FedEx to a foreign country, you must include a commercial invoice that accurately describes the contents for customs inspection.

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  • The commercial invoice that arrived would determine the value and we would not have to take the man's word for it.

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  • To send a package to Europe or any other country, a commercial invoice must be filled out to complete shipment.

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