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Export supplies

Anju. C.M (41 Points)

20 October 2018

what u mean by FOB value of non-gst export supplies?

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3 Replies

Kamal Verma (Financial advisor) (589 Points)
Replied 20 October 2018

FOB---Free on Board.

FOB value does not include any freight & insurance paid beyond custom.

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Hitesh (Student) (3549 Points)
Replied 20 October 2018

Yes agree with Kamal ji

Vinod Babu (24196 Points)
Replied 21 October 2018

FOB means Freight On Board or Free On Board. If terms of delivery of a transaction is on FOB means, the cost of movement of goods on board of Airlines or on board of ship is borne by the seller. Rest of all expenses to arrive the goods at buyer's premise has to be met by the buyer.