We are exporters of Spices from Tuticorin Port. We do exports under LUT When goods are removed from my go down in Trivandrum to be transported to Tuticorin we generate e invoice and e way bill with the prevailing customs rate of exchange. Once the goods reach Tuticorin the samples are drawn by Spices Board and tested for quality. After spices board gives the permission to export goods, they After are taken to port for export but at the time of let export the rate of exchange sometimes Changes. At the time of claiming refund /filing GSTR 1 there is a difference in the e invoice value and the value as shown in Shipping Bill. How should we report this is GSTR-1. As there is no provision to amend e invoice we are helpless. Kindly give your suggestions on how to resolve this issue Sajjad Sait
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Exchange rate on export of goods
Replies (1)
Having regard to your query :
1- You should file your GSTR-1 as per your e-invoice
2- There will always be difference in GST Invoice Value and FOB Value as per shipping bill. This should not be reason for GST Refund Claims being stuck up.
3-At the time of claiming refund, we should mentioned FOB Value as per Shipping Bill.
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