when an importer has been overcharged for goods supplied, the exporter issues him with a?
Answer Details
When an importer has been overcharged for goods supplied, the exporter issues him with a credit note. A credit note is a document issued by a supplier to their customer, indicating that the customer's account has been credited for the value of goods or services returned or for an overcharge. In other words, a credit note is a way for the supplier to rectify an error in the original invoice by giving a credit to the customer's account, which can be used against future purchases. Therefore, in this case, the exporter issues a credit note to the importer to rectify the overcharge on the goods supplied.