Over- and under-invoicing
Misrepresenting the price of goods or services to transfer value between importer and exporter — invoicing below fair market price transfers value to the importer, invoicing above it transfers value to the exporter.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
Where this is taught
Free preparation for NISM Series IFSCA-01← All terms