An importer should make it clear to the exporter that all invoices must satisfy CBP regulations.
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If the shipper makes a mistake, it will be the importer who suffers with delayed releases, notices from CBP, or possible penalties. Importers are responsible for presenting correct and complete commercial import invoices to CBP. Industry jargon and ambiguous or fuzzy descriptions are to be avoided. An imported item should be described in terms that correspond to those found in the HTSUS. The Harmonized Tariff Schedule of the US (HTSUS) is a huge and intimidating book that describes all imported products. While most of the above information is self-explanatory, “description” will depend on the nature of the imported product. Valuing Customs Valuation: Lessons for US Importers Review 19 CFR sections 141.83 through 141.90 concerning the above invoice requirements.
![commercial invoice template for us customs commercial invoice template for us customs](https://incodocs.com/templates/Commercial%20Invoice.jpg)
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.
![commercial invoice template for us customs commercial invoice template for us customs](https://images.template.net/wp-content/uploads/2015/04/Free-Commercial-Invoice-Fillable.jpg)
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.
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US Customs and Border Protection (CBP) is serious about commercial import invoices.