Exchange rate on export of goods

634 views 1 replies

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  

 

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.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details