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

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.

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