https://www.taxtmi.com/forum/issue?id=118509 Valuation for exported goods under GST is governed by the general valuation regime; incidental expenses incurred before delivery such as freight, insurance and documentation charges ordinarily form part of the value of supply and the tax rate applicable to such charges follows the taxability and rate of the underlying goods. For refund of accumulated ITC under LUT the lower of Shipping Bill (FOB) value and tax invoice value is taken, while refunds of taxes actually paid (IGST paid) require valuation as determined under the statutory valuation provisions. en-us Fri, 28 Apr 2023 19:20:35 +0530 Thu, 23 Jan 2025 15:54:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118509 Valuation for exported goods under GST is governed by the general valuation regime; incidental expenses incurred before delivery such as freight, insurance and documentation charges ordinarily form part of the value of supply and the tax rate applicable to such charges follows the taxability and rate of the underlying goods. For refund of accumulated ITC under LUT the lower of Shipping Bill (FOB) value and tax invoice value is taken, while refunds of taxes actually paid (IGST paid) require valuation as determined under the statutory valuation provisions. Discussion-Forum GST Fri, 28 Apr 2023 19:20:35 +0530 https://www.taxtmi.com/forum/issue?id=118509