Export Invoice is a document issued by the exporter that provides details of goods sold to a foreign buyer, including price, quantity, and terms of sale.
How It Works:
- The exporter prepares the invoice after confirming the order.
- Details of goods, value, and buyer information are included.
- The document is sent to the buyer and accompanies shipment.
- Customs authorities use it for duty assessment.
- The buyer uses it for payment processing.
Benefits:
- Acts as proof of sale
- Essential for customs clearance
- Helps in accurate financial records
- Facilitates international payments
Example:
An exporter sends an invoice to an overseas buyer showing the total value and details of goods shipped.