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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

What is meaning of consular invoice? - Commerce

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Question

What is meaning of consular invoice?

Short Note

Solution

Where the customs duties are charged on the basis of value of goods at import’s port (ad – valorem basis), the customs officers are empowered to open the consignment to calculate duties. In order to avoid this problem exporter obtains consular invoice and sends it over to the importer.

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Meaning of Export Trade
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Chapter 26: Export and Import Procedures - Exercises [Page 280]

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Samacheer Kalvi Commerce [English] Class 11 TN Board
Chapter 26 Export and Import Procedures
Exercises | Q III. 2. | Page 280
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