F.O.B Value

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Querist : Anonymous

Querist : Anonymous (Querist)

29 July 2010 Will commission paid overseas be deducted to get FOB Value of the export

CA Sanat Pyne

CA Sanat Pyne (Expert)
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29 July 2010 Yes, It does not include commission.
F.O.B. – Full form is Free on Board. FOB means the stage at which the goods are placed on board the conveyance carrying the vessel. It can be said to include FAS+loading charges+export duty cess.

Querist : Anonymous

Querist : Anonymous (Querist)

29 July 2010 To get FOB turnover from actual export turnover whether Commission paid is to be deducted if the realised foreign currency is after deducting the commission

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CA Sanat Pyne

CA Sanat Pyne (Expert)
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29 July 2010 if youe export turnover is net of commission , then no need to deduct to find out F O B.