ORA-39142: incompatible version number 4.2 in dump file impdp

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While performing import encountering error ORA-39142

ORA-39001: invalid argument value
ORA-39000: bad dump file specification
ORA-39142: incompatible version number 4.2 in dump file "/u01/app/oracle/dump/TEST.dmp" 
Cause:
The issue is caused due to bug as mentioned in Metalink Doc ID 2422236.1.
The source database is on higher patch level that target

Workaround:
Use parameter VERSION=12.1 while performing the export.