Igst on cif or fob value

[satbir singhwahi]

sir

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

AI Summary

Clarification on IGST: Use CIF Value for Garment Exports; FOB Value for Cash Rebates. Notification 2/18-IGST Applies. A query was raised regarding the charging of IGST on the CIF value for garment exports, with a customs officer objecting, suggesting it should be on the FOB value. The response clarified that when a rebate is sanctioned in cash on the FOB value, and the remaining amount is credited to a Credit Account, there should be no objection to using the CIF value. Additionally, it was noted that IGST on export ocean freight was removed as per Notification no. 2/18-IGST (Rate) dated January 25, 2018.