2 Points
Joined September 2023
For quick understanding -
If invoice value is 100 and due to certain situation (like fluctuation in prices) the value of invoice is reduced say 90 , then exporter goes for invoice reduction . This comes into picture after a bill (set of export documents) has been negotiated or sent for collection to overseas bank.
If invoice value is 100 and exporter is unable to get the export proceeds , then he will go for write off .
There are % criterias upto which write off and invoice reduction are applicable . pls refer latest master direction on export of goods & services for more info.