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Trade misinvoicing
'Trade Misinvoicing' cost India $13 billion: Report
The practice of ‘trade misinvoicing’ — a form of customs and/or tax fraud involving exporters and importers deliberately misreporting the value, quantity, or nature of goods or services in a commercial transaction — has cost India potential revenues losses worth US$13 billion in the year 2016, according to a new report released on Monday.
03 June 2019, 13:42 IST
'Trade Misinvoicing' cost India $13 billion: Report
03 June 2019, 13:42 IST