Can SEIS be claimed for freight expenses in a case where an exporter supply's goods and recovers freight on CIF basis on a single invoice as per contract.
Can a supplier de-bundle a composite supply to avail benefits under FTP, or would the above transaction be classified as goods (considering general rules of interpretation) of CPC.
SEIS eligibility for freight on CIF invoices hinges on whether freight is separable or treated as part of goods supply. Whether freight charged on a CIF single-invoice export qualifies for SEIS depends on whether the freight component can be treated as a separable service eligible under SEIS, or whether, under general rules of interpretation for composite supplies, the transaction must be classified as a supply of goods, affecting eligibility for Foreign Trade Policy benefits. (AI Summary)
TaxTMI 
TaxTMI 
