Document background
The International Invoice is a fundamental document in cross-border trade transactions, essential for businesses engaged in export activities from India. This document type is required whenever goods or services are supplied to overseas customers, serving multiple purposes including customs clearance, tax compliance, and payment documentation. It must comply with Indian legislation, particularly the IGST Act 2017, FEMA 1999, and the current Foreign Trade Policy. The International Invoice includes comprehensive details about the transaction, parties involved, goods or services supplied, pricing, tax implications, and payment terms. It is crucial for establishing ownership, determining tax liability, facilitating customs clearance, and enabling international payments. The document must be carefully prepared to ensure compliance with both Indian export requirements and the importing country's regulations.
