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

[satbir singhwahi]

sir

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

Posts / Replies

[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.