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Igst on cif or fob value, Goods and Services Tax - GST

Issue Id: - 114990
Dated: 21-5-2019
By:- satbir singhwahi

Igst on cif or fob value


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sir

On export of garments ,igst charged on cif value,but custom officer objecting to charge on fob value.pls guide.

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1 Dated: 21-5-2019
By:- KASTURI SETHI

When rebate is to be sanctioned in cash on FOB value and balance amount is sanctioned and credited into Credit Account, there should be no objection on CIF value. However, it is pertinent to mention that IGST on export ocean freight has been removed vide Notification no.2/18-IGST (Rate) dated 25.1.18.


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