under-invoicing

under-invoicing
   a fraudulent device to avoid import duties
   The practice is found where the importing country imposes high tariffs and the buyer has access to external funds. The documentation shows a lower price than that agreed between the parties, on which duty is levied, the balance being paid free of duty offshore.
   See also over-invoicing.

How not to say what you mean: A dictionary of euphemisms. . 2014.

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