Understanding Commercial Invoice and Customs Invoice: Essential Documents for International Trade

Understanding the different documents required for customs clearance is crucial in international trade
The commercial invoice details the goods provided by the seller to the buyer
The customs invoice/proforma is similar to a regular invoice but is not used for accounting purposes
The commercial invoice is required for goods with a clearly established transactional value
The choice between the commercial invoice and customs invoice depends on whether goods are being bought/sold or given away
The commercial invoice is required for goods being bought or sold, while a customs invoice is needed for goods being given away or not sold

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.