A “specimen of proforma invoice” is an essential business document that serves as a draft or sample invoice, providing an estimate of charges for goods or services before an actual transaction occurs. It typically includes details such as item descriptions, quantities, unit prices, and payment terms.
Proforma invoices play a crucial role in international trade, allowing exporters to quote prices to potential buyers and importers to secure necessary import licenses or arrange financing. Historically, these invoices were primarily paper-based, but with technological advancements, electronic proforma invoices have become widely adopted for their convenience and efficiency.
