Officials can use this to determine the US import taxes and duties due. If a final invoice is not available, the seller can provide a proforma invoice for customs use. A full invoice is needed before the buyer makes payment.Ī proforma invoice is often issued by businesses in the international import and export industry. Proforma invoices cannot be used to request or make payment. It does not mean the invoice is due for payment. Proforma invoices provide an estimate or quotation for goods or services before they are shipped or provided but only once the customer has demonstrated commitment to a specific price. It is commonly used in export sales, where payment is not yet required. It acts as a notification that the customer should pay.Ī proforma invoice is usually issued before the sale takes place. It can act as an estimate or quotation for the customer – but not the final bill for payment.¹ What is the difference between a proforma invoice and an invoice?Īn invoice is a document that specifies any products sold or services provided to a customer for a particular period. It describes the items and terms of sale, but does not serve the function of a real invoice. What is a proforma invoice? Proforma invoice definitionĪ proforma invoice is a document provided before or with a shipment of goods.
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