Dear Experts,
Kindly provide clarification for following export invoice valuation, for GST and Shipping bill matching.
Example:
GST Rate : 18% - USD rate considered Rs 70
FOB Value of Goods : $ 10,000 or INR 7,00,000
Export Freight : $ 2,000 or INR 1,40,000
C&F Value of Invoice: $ 12,000 or INR 8,40,000
In This Case, what will be
(1) Taxable Value :
(2) Invoice Value :
(3) Tax Value :
Thanks in advance.