Revise quote in the Commercial Invoice Template

Aug 6th, 2022
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Follow the steps below to revise quote in Commercial Invoice Template with DocHub:

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Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.
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A commercial invoice is a legally binding customs document. It contains vital information about what a package contains and who pays the customs costs. The authorities use these details to determine whether import duties are required for the package.
A commercial invoice contains a declaration of the value of the goods which is used to calculate how much duty or tax is due. So, if you accidentally shipped the wrong amount this calculation will be wrong. Customs authorities can impose fines for this, so you dont want to do this often.
It is a legal document issued by the seller (exporter) to the buyer (importer) in an international transaction and serves as a contract and a proof of sale between the buyer and seller.
To revise an invoice, it must include details such as a unique alphanumeric serial number, invoice date, information about the supplier and recipient, the suppliers signature, etc. A supplementary invoice can be issued to cover upward revisions whereas a credit note can be used to convey a downward revision.
Amended invoices must contain a statement setting out the reasons for the amendment. It should, where applicable, also be accompanied by documentary evidence of such amendment. Customs may refuse to accept an amended invoice if they believe that the amendment is not a true reflection of the change.
Common challenges with commercial invoices include discrepancies in information, which can lead to customs hold-ups and additional charges. Accurate and detailed completion of these documents is crucial. If information mismatches emerge, resolving them swiftly and communicating clearly to all parties is imperative.
Definition: A revised invoice refers to an updated version of an original invoice that is issued to correct errors, omissions, or changes in pricing, quantities, or other relevant details related to a financial transaction.

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