https://www.taxtmi.com/forum/issue?id=118669 Exports are taxable on the FOB transaction value; freight and insurance included under CIF/CFR should be shown separately and excluded from the taxable export value. The IGST amount and invoice value declared in the shipping bill must match the tax invoice and return disclosures to support IGST refund claims. Where exports are on CIF/CFR terms, freight must be separated from CIF to arrive at FOB in invoices and shipping bills to reflect the correct IGST base and facilitate refund or corrective measures for any tax paid on freight. en-us Mon, 31 Jul 2023 10:33:20 +0530 Thu, 23 Jan 2025 14:23:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118669 Exports are taxable on the FOB transaction value; freight and insurance included under CIF/CFR should be shown separately and excluded from the taxable export value. The IGST amount and invoice value declared in the shipping bill must match the tax invoice and return disclosures to support IGST refund claims. Where exports are on CIF/CFR terms, freight must be separated from CIF to arrive at FOB in invoices and shipping bills to reflect the correct IGST base and facilitate refund or corrective measures for any tax paid on freight. Discussion-Forum GST Mon, 31 Jul 2023 10:33:20 +0530 https://www.taxtmi.com/forum/issue?id=118669