issue about Form I

[manikyalarao nande]

Dear sir

We are construct admin building in KSEZ.we purchased cement for this and the SEZ developer gave FORM I to cement manufacturer.KSEZ given form I only for basic value of invoice but manufacturer asks total invoice value

Basic value. = 38,969.12

ED = 0

Cess = 0

Shcess = 0

Freight. = 16,646.88

Total = 55,626

But KSEZ given Form I only for ₹ 38,969.12

Manufacturer asks for total value ₹ 55,626

please give clarification

Thanks&Regards

AI Summary

Clarification on Form I Issuance: Only Basic Material Value Covered, Excludes Freight Costs in KSEZ Construction Project. A user raised a query regarding the issuance of Form I for a construction project in KSEZ. They purchased cement and received Form I from the SEZ developer for the basic invoice value of 38,969.12, excluding freight costs of 16,646.88, making the total invoice value 55,626. The cement manufacturer is requesting Form I for the total invoice value. A respondent clarified that Form I is correctly issued only for the material's basic value, not including freight.