AAR: Rejects challenge to IGST levy on ocean freight for CIF-based imports

Jul 03,2019

Madhya Pradesh AAR holds the applicant liable to pay IGST on ocean freight paid on imported goods under Reverse Charge Mechanism (RCM) in terms of Notification No. 10/2017-Central Tax (Rate) and Notification No. 8/2017-Integrated Tax (Rate) irrespective of the ocean freight component having been a part of the CIF Value of imports; Clarifies that as per existing law, IGST on ocean freight has to be paid by the importer under RCM irrespective of the fact that such freight charg...


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