Definition
The primary document used by SARS to determine the value of goods for duty purposes. It must accurately reflect the transaction value (price paid or payable), description, quantity, and country of origin. Mis-declaration on a commercial invoice can result in penalties and seizure of goods.
Frequently asked questions
What is Commercial Invoice?
The primary document used by SARS to determine the value of goods for duty purposes. It must accurately reflect the transaction value (price paid or payable), description, quantity, and country of origin. Mis-declaration on a commercial invoice can result in penalties and seizure of goods.
Which glossary terms are related to Commercial Invoice?
Commercial Invoice is a documentation term in the South African import/export industry. Related terms in the same area include Air Waybill (AWB), ATA Carnet, Bill of Lading (BoL), Cargo Manifest, Certificate of Conformity — each has its own plain-English definition in the TradeCaravan glossary.