What Is a Commercial Invoice
Commercial invoices can be complicated, and Mercury makes these simple and helps your figure out what duty and tax percentage you’ll pay
A commercial invoice is a document that is used in international trade to provide detailed information about a shipment of goods
It is typically used for customs purposes, to help determine the correct duties and taxes that should be applied to the shipment. The commercial invoice typically includes information such as the name and address of the seller and buyer, a description of the goods being shipped, the quantity and value of the goods, and the terms of the sale. It may also include other details, such as the country of origin of the goods, the mode of transport, and any applicable discounts or special instructions.
Commercial invoices can be complicated, but Mercury makes them simple and helps you figure out what duty and tax percentage you will pay. The country you are shipping to, along with the commodity being shipped, will determine your duty and tax rate.
Adding a detailed description of the product being shipped is important. In addition, we recommend that you include what the product is used for on the commercial invoice. Sometimes customs officials may have difficulty understanding the intended use of the item, and having this outlined may speed up the customs process.
Related Services: Customs Brokerage