Igst on cif or fob value

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..... Igst on cif or fob value
Query (Issue) Started By: - satbir singhwahi Dated:- 21-5-2019 Last Reply Date:- 21-5-2019 Goods and Services Tax - GST
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GST
sir On export of garments .....

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..... ,igst charged on cif value,but custom officer objecting to charge on fob value.pls guide. Reply By KASTURI SETHI: The Reply: When rebate is to be sanctioned in cash on FOB value and balance amount .....

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..... 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 .....

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..... /18-IGST (Rate) dated 25.1.18.
Discussion Forum - Knowledge Sharing .....

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