![]() ![]() ![]() ![]() Amounts for freight, insurance, commissions, packing, rebates, bounties, assists, discounts, etc., as applicable.Purchase price, the currency used (it may be in foreign currency, but must be converted to US dollars at the time of filing of the entry,) and terms of sale.Seller’s name and address (many times CBP will demand the manufacturer’s name, if it is different from the seller’s).A detailed description of the merchandise, including the name, grade/quality, marks, numbers, and symbols under which it is sold by the seller or manufacturer.Buyer’s name and address (usually the importer).In addition, the invoice must provide the following information: If not, the documents must be accompanied by an accurate English translation. The invoice and all attachments must be in English. 5 Keys To Import Successfully Into The US Prepared by the exporter of the goods and provided to the US importer, the invoice must also be done in the manner customary for a commercial transaction involving goods of the kind covered by the invoice. The US Commercial Import InvoiceĪ commercial import invoice, signed by the seller or shipper, or his agent, is acceptable for CBP purposes if it is prepared in accordance with applicable CBP regulations. The commercial import invoice is a simple document to produce – provided that both the exporter and importer of the goods realize what is required by the CBP regulations, which are cited and explained below. Importers must bear in mind that a commercial import invoice has a close relationship with CBP’s most important document, the CBP Form 7501 (Entry Summary), which is needed for agency clearance of imported goods. Import Detentions and Seizures: What You Need to Know to Avoid Heartbreaking and Expensive Problems CBP actions may result in detentions, seizures, and forfeitures of imported goods supplemental duty bills liquidated damage claims and monetary and various other penalties. Invoice failure can also cause an importer a lot of pain and aggravation. Incomplete, inaccurate or false information may result in the importer having to pay more (very rarely less) than what is declared owed to the US Government. Because the exporter-created document contains all the pertinent information related to the import shipment, the commercial import invoice is required for clearance by CBP in a form that comports with agency requirements, which can be found in Title 19 of the Code of Federal Regulations (aka CBP regulations).īased upon the information reflected on an invoice, CBP may require a physical examination of the goods. The commercial import invoice is used when the agency determines if the duties, taxes and fees involved with goods imported into the US were declared correctly by the importer. US Customs and Border Protection (CBP) is serious about commercial import invoices. ![]()
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