Value for Exports under LUT

[Kaustubh Karandikar]

XYZ supplying goods for export under LUT. In the Tax Invoice they are charging only value of the goods. While in the Commercial Invoice they are charging to the customer value of the goods + air freight charges from Mumbai Airport to foreign port. The value of tax invoice is matching with value of Shipping bill which is FOB value? Is this the correct way or in the Tax Invoice also freight is required to be shown? However, if it is shown the value of shipping bill and tax invoice will not match. Kindly guide the correct position under the law.

AI Summary

Export invoice valuation: whether freight must be included on GST tax invoices when commercial invoice shows it. Supplier under LUT issues a GST tax invoice showing only goods value while the commercial invoice includes air freight; the shipping bill (FOB) matches the tax invoice. The core question is whether freight included on the commercial invoice must also be shown on the GST tax invoice to align invoice and shipping bill values and comply with export valuation and invoicing requirements.