Commercial Invoice Cum Packing List

Commercial Invoice Cum Packing List

A document that combines the information from a packing list and a commercial invoice is known as a commercial invoice cum packing list. For international shipments shipped from India, it is a necessary document. The document includes all the information included in a standard invoice, including a complete list of the items sold, their quantities, and the value that the parties had previously agreed upon. It also contains information from a packing list, such as the quantity, weight, measures, and packaging specifications that correspond to the invoice. The document is used for customs clearance and aids in determining and assessing the amount of duties and taxes that must be paid. The document combines two docuemnts which includes a commercial invoice that details the value of imported or exported items, and the packing list which includes precise measurements and information on the contents of the shipment. These are essential for exporting from India. 

The process for commercial invoice cum packing list is as follows

  • The Commercial Invoice cum Packing List document, which combines the information from a commercial invoice with a packing list, is created by the exporter or their agency. It includes all the information on a standard invoice, such as the complete description of the goods sold, their quantities, and their agreed-upon values, as well as the information on a packing list, such as the quantity, weight, measurements, and packaging details that correspond to the invoice.
  • The exporter sends the Commercial Invoice/Packing List document to the buyer or consignee.
  • The Commercial Invoice and Packing List must be forwarded by the buyer or consignee to the shipping agent in the country of destination.
  • The commercial invoice combined with the packing list will be used by the shipping agency to calculate the customs tax due on the imported items.
  • For foreign shipments shipped from India, a mandatory document called the Commercial Invoice cum Packing List is needed. Along with other necessary documents like the Bill of Lading and the Shipping Bill, it must be filed to the customs officials.

It is crucial to keep in mind that depending on the nature of the shipment and the country of destination, the procedure for a Commercial Invoice cum Packing List may change. Therefore, before exporting their goods, businesses should confirm that they have all the required documentation with the customs authorities and their buyers.

 

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