Taxable value in Shipping bill in case of export with payment of IGST

Khadija (Student) (123 Points)

13 July 2019  
We are merchant exporters. We have purchased goods on payment of Normal rate of GST @ 18%.

We export the same with payment of IGST.

My query is which amount is going to reflect as taxable value in shipping bill.

- The taxable amount which we paid while we purchased the goods to supplier.
or
- The FOB value.

Please suggest.


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