RCM on Ocean Freight

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This discussion addresses how to calculate GST under the Reverse Charge Mechanism (RCM) for ocean freight when the freight cost isn't explicitly stated on the invoice or bill of entry. It suggests that in such cases, the ocean freight value can be deemed as 10% of the CIF value. The query also seeks clarification on whether the foreign exchange rate listed on the bill of entry should be used for RCM calculations.

CA Garima Bhayana

CA Garima Bhayana (Querist)
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13 January 2020 We had imported goods on CIF Basis.
1) If Freight is not mentioned in invoice and bill of entry then how to calculate freight amount to pay GST on RCM basis?
2) Whether Foreign Exchange Rate mentioned in Bill of Entry is to be used to calculate RCM?
Please resolve my Query as soon as possibe. Thanks in advance.