FOB value u/r 89(4)(c)

as per notification 10/22, new delhi dtd.5/07/2023

For calculating refund FOB value declared in shipping bill should be taken as Export of goods.

but adjusted turnover not clarify in notification.

Therefore my question is,
for calculating refund amount, in adjusted turnover freight and insurance amount should be added??

please clarify..
Replies (5)
Quick Summary
This discussion clarifies the calculation of FOB value for GST refunds, specifically referencing notification 10/22 dated 5/7/2022. While the notification states FOB value from the shipping bill should be used for exports, it doesn't explicitly clarify how to handle adjusted turnover. The consensus suggests using the invoice value for determining adjusted total turnover, noting that the impact on the refund amount is minimal.

You can take as per invoice value for the purpose of determining adjusted total turnover.
Thanks sir,
but refund will be coming less.
Yes but the affect is very minimal not material...
As per notification 10/22, new delhi dtd.5/07/2023??????
Please see GST council notification no. 10/2022 dt. 5/7/2022

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details