TMI BlogRetention on ITC for ocean freightX X X X Extracts X X X X X X X X Extracts X X X X ..... What is ocean freight and how ITC to reverse on it? - Reply By KASTURI SETHI - The Reply = Pl. elaborate your problem specifically. - Reply By Madhusudan Mishra - The Reply = E/No. 1 of N/N. 10/2017 - IT(R) to be read with S.2(62) and S.16 . ITC would be available. - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = It is a method of transporting large quantities of goods, usually pac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ked in shipping containers, by sea. - Reply By KASTURI SETHI - The Reply = 996521 Coastal and transoceanic (overseas) water transport services of goods by refrigerator vessels, tankers, bulk cargo vessels, container ships etc . Ocean freight is the term used for transporting goods internationally through ocean. It is an integral part of cross-border trade which allows movement of large ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... quantity of goods through the open ocean. Under ocean freight, the services are drawn from third parties called freight forwarder who starts with taking delivery of the goods from the place of exporter (seller), packing, loading, transporting, clearing at Customs or State borders, unloading at other side, transporting to its destination and giving delivery to the customer at the final destination ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . - Retention on ITC for ocean freight - Query Started By: - Mohammadhanif Pirjade Dated:- 24-11-2023 Last Replied Date:- 28-11-2023 Goods and Services Tax - GST - Got 4 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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