TaxTMI 
TaxTMI 
TaxTMI 
sir
On export of garments ,igst charged on cif value,but custom officer objecting to charge on fob value.pls guide.
Igst on cif or fob value
satbir singhwahi
IGST on export valuation: raise FOB cash rebate with balance in credit account to address customs CIF objections. Where export rebate is sanctioned in cash on the FOB value and the balance sanctioned and credited into the exporter's credit account, charging IGST on CIF value should not be objected to; IGST on export ocean freight has been removed by notification, altering freight treatment in export tax computation. (AI Summary)
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