Jakarta (ANTARA) – Finance Minister Purbaya Yudhi Sadewa is prepared to present findings on trade misinvoicing to President Prabowo Subianto in a closed-door meeting at the Presidential Palace Complex in Jakarta on Thursday.According to him, his office conducted a random inspection and found three shipments from 10 companies operating in the crude palm oil (CPO) industry.”They were clearly manipulating export prices to the United States,” Purbaya stated.While unable to name the 10 companies, he provided an example of trade invoice manipulation by one of them.For example, one company recorded an export price of US$2.6 million, while the price paid by the importer in the United States was US$4.2 million.”So, 57 percent lower. Meanwhile, another company, exporting US$1.43 million here, and importing US$4 million from another party. The price has changed by 200 percent. We want to detect each shipment individually,” the minister said.Previously, the government established PT Danantara Sumberdaya Indonesia (DSI) as a state-owned enterprise specifically tasked with managing exports to help increase state revenue.The export agency is expected to regulate natural resource export management policies and reduce the long-standing practice of under-invoicing, in which export values are reported below their actual amounts, leading to state revenue leakages. The formation of DSI followed government findings regarding alleged under-invoicing and transfer pricing practices in the export of natural resource commodities.ANTARA’s findings indicate that transfer pricing in natural resource commodity exports refers to the practice of setting transaction prices between affiliated companies within the same business group, particularly in overseas commodity sales.For example, a coal mining company in Indonesia may sell coal to a trader in Singapore that belongs to the same corporate group at a price lower than the international market rate.The overseas trader then resells the coal at a normal or higher price to the final buyer. As a result, larger profits are generated abroad, while the company’s profits in Indonesia appear smaller, reducing the taxes and royalties received by the Indonesian government.In the context of natural resource commodity exports, a trading company acts as an intermediary that purchases commodities from producers and resells them to buyers, usually in international markets.