While applying the GDT refund application.In adjusted turnover,Export Turnover should be considered as FOB or CIF value?
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Quick Summary
This discussion seeks clarification on whether to use the FOB (Free On Board) or CIF (Cost, Insurance, and Freight) value when calculating adjusted turnover for GST refund applications on exports. The consensus appears to be that refunds are provided based on the FOB value, but there's a question about which value to use in the denominator of the calculation.