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Forums Index > Legal and Regulatory Issues > Under value export invoice
TOPIC : Under value export invoice
Posted on 09 July 2014 at 17:51:00
What will we do if any buyer say to make low value invoice. what will be possibilities to handle this situation?
Free Member, Joined :10/30/2004
No of Topics Posted : 5
Reply/Comments : 0
Re: Under value export invoice
Undervaluation is primarily effected by way of presenting forged or false documents to the Customs authorities, showing and supporting suppressed values. Another modus is by way of non-inclusion of allied cost components in the assessable value by making partially correct declarations at the time of filing bills of entry. The practice is illegal and is considered commercial fraud by the Directorate of Revenue intelligence.
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