Commercial Invoice:
A commercial invoice is a legally binding document issued by a seller (exporter) to the buyer (importer) after a sale has been made.
It serves as a formal request for payment and includes details of the actual transaction, such as the quantity, description, and price of the goods or services sold.
The commercial invoice typically includes important information, such as the names and addresses of the buyer and seller, a detailed description of the goods or services, the unit prices, total amounts, payment terms, shipping terms, and other relevant terms and conditions.
Commercial invoices are used for customs clearance and are required for calculating import duties, taxes, and for tracking the shipment.
Proforma Invoice:
A proforma invoice, on the other hand, is a preliminary or provisional invoice provided by the seller to the buyer before the actual sale takes place.
It is not a legally binding document and is often used for quoting prices, negotiating terms, and providing the buyer with an estimate of the costs before they commit to the purchase.
Proforma invoices may include details similar to those in a commercial invoice, such as a description of the goods or services, quantities, prices, and any other relevant terms, but it is not a request for payment.
Importers may request a proforma invoice from a seller to get an idea of the costs involved in a potential transaction.
In summary, a commercial invoice is a formal document issued after a sale has been finalized and is used for payment and customs purposes, while a proforma invoice is a preliminary document issued before the sale, mainly for quoting prices and providing information to the buyer. Both documents play essential roles in international trade, helping to facilitate and document transactions between buyers and sellers.portbusinessinhindi
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