Document background
The Import Export Invoice is a fundamental document in international trade transactions governed by Pakistani law and international trade practices. This document is required for all import and export transactions involving Pakistani entities, serving as both a commercial invoice and a customs declaration document. It must comply with the Pakistan Customs Act 1969, Foreign Exchange Regulation Act 1947, and various other trade-related regulations. The Import Export Invoice includes crucial information such as party details, product specifications, pricing, shipping terms, and necessary declarations, making it essential for customs clearance, banking transactions, and regulatory compliance. It forms the basis for various trade processes including customs valuation, duty assessment, foreign exchange remittance, and payment settlement.
