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What does commercial invoice mean?

In simple words, a commercial invoice is an export document that serves as legal evidence of a sale transaction between the buyer and the seller. It is mainly used for clearance purposes with regard to customs and helps in the determination and assessment of duties and taxes payable.

What is the difference between a commercial invoice and a Canada Customs Invoice?

According to the Canada Border Services Agency, the Canada Customs Invoice (CCI) is a special invoice that incorporates more data elements than a standard commercial invoice. It is required for U.S. exports to Canada in the following situations: The commercial shipment is valued at over $2,500 CAD.

What is Canada commercial invoice?

The importer uses the CCI to pay the seller for the goods. The exporter uses the CCI to collect payment from the buyer.

How do I fill out a commercial invoice in Canada?

CI1 \u2013 Canada Customs Invoice Vendor (name and address) Date of direct shipment to Canada (yyyy/mm/dd) Other references (include purchaser's order No.) Consignee (name and address) Purchaser's name and address (if other than consignee) Country of transhipment.

What is a Canada customs invoice used for?

The importer uses the CCI to pay the seller for the goods. The exporter uses the CCI to collect payment from the buyer.

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