TaxTMI 
TaxTMI 
SIR,
WHETHER WE TAKE IGST CREDIT ON 5% IGST PAID ON OCEAN FREIGHT PAID ON CIF PURCHASE VIDE NOTIFICATION NO 10/2017.EXCISE AUDITOR DENY TO TAKE IGST CREDIT WHICH WE PAID ON OCEAN FREIGHT.
KINDLY GIVE US YOUR VALUABLE SUGGESTION.
Thanks
TAKE CREDIT OF IGST PAID ON OCEAN FREIGHT UNDER CIF BASIS
11 Jun 2018 
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IGST credit on ocean freight allowed where foreign shipping company supplies the service and reverse charge is paid.
Input tax credit of IGST on ocean freight for imports hinges on supplier location: where the shipping company is located outside India, IGST on transport to the customs station is payable under reverse charge and the importer may claim input tax credit; a specified condition disallowing credit on input tax charged on goods used in supplying the service does not apply to suppliers in non taxable territory. (AI Summary)
Input tax credit of IGST on ocean freight for imports hinges on supplier location: where the shipping company is located outside India, IGST on transport to the customs station is payable under reverse charge and the importer may claim input tax credit; a specified condition disallowing credit on input tax charged on goods used in supplying the service does not apply to suppliers in non taxable territory. (AI Summary)