India clamps down on export fraud with online data monitoring system
India’s newly-launched electronic export data system is set up to detect and prevent fraud. It will also have the effect of speeding up payment times.
The recent launch of an electronic export data processing system in India is geared to clamp down on fraudulent export activity. Exporters in India are required to report invoices and declare the value of their exports to the Reserve Bank of India (RBI). The online system is limited to the export of goods (not services).
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