SuiteScript: Invalid date value (must be MM/DD/YYYY) error

I am relatively new to SuiteScript. When attempting to set the date value, the error "Invalid date value (must be MM/DD/YYYY)" is generated. See code below.

Any suggestions would be greatly appreciated.

define(['N/record', 'N/format'], function(record, format) {

  function myBeforeSubmit(scriptContext) {

    var currentDate = new Date();

    var invoiceDueDate = new Date(currentDate.setDate(currentDate.getDate() + 10));

    log.debug('currentDate + 10', invoiceDueDate);//"2023-07-31T03:48:18.984Z"

var date = format.format({value: invoiceDueDate, type: format.Type.DATE} );

log.debug('currentDate + 10 date formated - date', date);//07/31/2023

    scriptContext.newRecord.setValue({fieldId: 'duedate', value: date}); // Invalid date value (must be MM/DD/YYYY)

  }

return { beforeSubmit: myBeforeSubmit };