I (Meaning and importance of Exports) Unit Structure

2) Quality Control Inspection 
– 
A copy of commercial invoice is required to be submitted to 
Export Inspection Agency (EIA). 
3) Customs Clearance 
– 
A copy of commercial invoice is required to submit to 
customs for customs clearance at the post of shipment. 
4) Documentary Proof 
– 
It can act as a documentary proof in case of disputes 
between the exporter and importer regarding the amount payable 
by the importer and such other aspect. 
5) Preparation of other documents 
– 
Commercial invoice helps to the exporter on his agent to 
prepare other documents based on the commercial invoice, such 
as shipping bill. 
6) Claiming of Incentives 
– 
A copy of commercial invoice is required by the exporter to 
claim incentives like DBK, Excise Refund, etc. 
7) Recording and Filing 
– 
A copy of commercial invoice is required by the exporter for 
the purpose of recording and filing for future reference. 
Importance to the Importer 
1) Payment of customs duty 
– 

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A copy of commercial invoice helps to the importer to pay 
customs duty at the port of destination. 
2) Payment to Exporter 
– 
Commercial invoice helps to know the exact amount that is 
to be paid to the exporter. 
3) Obtaining Loan 
– 
A copy of commercial invoice may be required to obtain loan 
from the bank against the import of goods. 
4) Preferential Tariffs 
– 
Commercial invoice is useful for the collection of tariff 
concession, if available. 
5) Recording and Filing 
– 
A copy of commercial invoice is required for future reference.