Export invoice
This query is : Resolved
31 May 2017
Dear Experts, Can any one tell me what will be the consequences if export invoice submitted to custom lower than actual invoice send to customer. First there is mismatch in sales value but we don't pay the duty on export & remittance directly debited to bank account so please explain me what is the implication of above issue.
31 May 2017
Occasionally, you may have a customer who requests that you ignore export compliance regulations and alter the invoice value to allow them to save money on import duties.
No matter what the value adjustment is, don’t be customer friendly in this case and comply. At best, your compliance can cost you and your company your reputation. At worst, your adjustment can lead to fines and penalties.
See the link for more information.
:
No matter what the value adjustment is, don’t be customer friendly in this case and comply. At best, your compliance can cost you and your company your reputation. At worst, your adjustment can lead to fines and penalties.
See the link for more information.
:
31 May 2017
Sorry I missed providing the link. See the link.
http://www.shippingsolutions.com/blog/export-compliance-using-the-proper-value-on-a-commercial-invoice
http://www.shippingsolutions.com/blog/export-compliance-using-the-proper-value-on-a-commercial-invoice
31 May 2017
But sir can you tell us what will be the penalty & under which law
31 May 2017
Under Customs law penalty will be levied for suppression of facts.
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