https://www.taxtmi.com/forum/issue?id=116022 When goods are exported on CIF terms the shipping bill shows a CIF breakup into FOB, insurance and freight and rebate claims are sanctioned on the value shown in the shipping bill under Rule 96. Freight forms part of the composite supply so IGST is leviable on CIF inclusive of freight; GST details must be separately stated in the shipping bill and refund mechanics may result in departmental rebate processing based on FOB value. en-us Fri, 14 Feb 2020 20:42:55 +0530 Thu, 23 Jan 2025 15:54:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116022 When goods are exported on CIF terms the shipping bill shows a CIF breakup into FOB, insurance and freight and rebate claims are sanctioned on the value shown in the shipping bill under Rule 96. Freight forms part of the composite supply so IGST is leviable on CIF inclusive of freight; GST details must be separately stated in the shipping bill and refund mechanics may result in departmental rebate processing based on FOB value. Discussion-Forum GST Fri, 14 Feb 2020 20:42:55 +0530 https://www.taxtmi.com/forum/issue?id=116022