Freight charges in shipping bill
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 November 2012
Hello,
if the shipment terms is C & F, but at the time of filing the shipping bill we do not have the freight charges, is there any way that we can calculate the freight amount on the basis of invoice value? if so how much percent we should consider?
Please help.
Thanks.
if the shipment terms is C & F, but at the time of filing the shipping bill we do not have the freight charges, is there any way that we can calculate the freight amount on the basis of invoice value? if so how much percent we should consider?
Please help.
Thanks.
09 November 2012
1.IF YOU ARE EXPORTING THE GOODS ON C&F BASIS, THEN LOGICALLY YOUR UNIT PRICE OF GOODS SHOULD INCLUDE THE FREIGHT CHARGES ALSO. THERE IS NO NEED TO SHOW THE FREIGHT SEPERATLEY IN SHIPPING BILL.
EVEN IF YOU WANT TO SHOW THE FREIGHT CHARGES SEPERATELY , YOU CAN MENTION THE ACTUAL FREIGHT CHARGES. CUSTOMS VALUATION RULE FOR EXPORTS DO NOT MENTION ANY FORMULA FOR FREIGHT CALCUALTION. UNLIKE IN IMPORTS WHERE THE CRITERIA IS 20% OF FOB VALUE
1.IF YOU ARE EXPORTING THE GOODS ON C&F BASIS, THEN LOGICALLY YOUR UNIT PRICE OF GOODS SHOULD INCLUDE THE FREIGHT CHARGES ALSO. THERE IS NO NEED TO SHOW THE FREIGHT SEPERATLEY IN SHIPPING BILL.
EVEN IF YOU WANT TO SHOW THE FREIGHT CHARGES SEPERATELY , YOU CAN MENTION THE ACTUAL FREIGHT CHARGES. CUSTOMS VALUATION RULE FOR EXPORTS DO NOT MENTION ANY FORMULA FOR FREIGHT CALCUALTION. UNLIKE IN IMPORTS WHERE THE CRITERIA IS 20% OF FOB VALUE
Message likes :
1 times
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 November 2012
Thank you.
15 November 2012
Yes Ram Krishnan is correct
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Import license renewal
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
