ZIMSEC O Level Commerce Notes: Consular invoice
- Assist customs officials to calculate customs duty where duty is charged on the value of imported goods.
- Signed by a consul of the importing country certifying and confirming that the prices of the goods are correct:
- prices of the goods being exported have to be authenticated because exporters and agents sometimes falsify the prices by understating them so as to pay less customs duty.
- A consul is a trade representative of the importing country resident in the exporting country.
- There is no need for customs officials to inspect the goods when calculating customs duty
- Prevents cheating when assessing duty.
- Speeds up clearing and delivering of goods.
- Assists customs officials to prohibit importation of banned goods.
- Accompanies the goods being exported.
- A description of the goods in terms of quantities and types.
- The prices of the goods.
- A declaration by and signature of the consul of the importing country.
- Names and addresses of the importer.
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