Friday, June 13, 2014

Consular Invoice

By Ripon Abu Hasnat   Posted at  7:26 AM   International Trade & Foreign Exchange Study Materials No comments



A consular invoice is a commercial invoice that has been reviewed by the consulate of the buyerʹs country for the purpose of determining the value and quantity of the shipment and to ensure that no indigenous laws or regulations governing imports are being broken. This process must be completed before the goods are exported. Consular invoices may be required by various countries to facilitate customs at the destination as well as to facilitate the collection of taxes. Consular invoices include the owner’s declaration of the value of the shipment and a full description of the goods exported as well as all discounts or rebates being offered. They generally include a sworn statement not only to the accuracy of the declarations made but also that there are no other invoices for the same shipment.

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