RCM OCEAN FREIGHT
Is it required to pay RCM Charges on OceanFreight on goods imported on CIF basis and having already paid IGST Including CustomDuty on Total CIF value against particular Bill of Entry.
@ Amol, I think you are right and no need to pay RCM charges as you have paid IGST and CD on ocean freight also. In our case import was on FOB basis and we have paid IGST and CD on assessable value which always includes ocean freight. Besides we have also paid CGST and SGST on ocean freight to our clearing agent.Of course we claimed ITC for both. Hope we have not done anything wrong.
CAclubindia
