This new regulation aims to attain accurate price values for the flow of imports and exports in the country.
Assuring accurate prices
A Global Price Verification Mechanism would be a part of the new system, obtaining actual spot market prices at the time e-invoice transactions begin. Imports and exports of more than 2.5% of the verified spot market price will be questioned and not allowed to complete transactions.
Registration platform
Trading partners must ensure compliance with the new regulat…