RCM OCEAN FREIGHT
amol (ACC MGR) (204 Points)
03 November 2017Is it required to pay RCM Charges on OceanFreight on goods imported on CIF basis and having already paid IGST Including CustomDuty on Total CIF value against particular Bill of Entry.
Shankar Sharma
(505 Points)
Replied 03 November 2017
@ Amol, I think you are right and no need to pay RCM charges as you have paid IGST and CD on ocean freight also. In our case import was on FOB basis and we have paid IGST and CD on assessable value which always includes ocean freight. Besides we have also paid CGST and SGST on ocean freight to our clearing agent.Of course we claimed ITC for both. Hope we have not done anything wrong.
amol
(ACC MGR)
(204 Points)
Replied 03 November 2017
deepak malkar
(4 Points)
Replied 04 November 2017
Shankar Sharma
(505 Points)
Replied 05 November 2017
deepak malkar
(4 Points)
Replied 05 November 2017
amol
(ACC MGR)
(204 Points)
Replied 06 November 2017
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