In case of Export with Payment, If Invoice is made on the basis of CIF Terms. What should be the taxable value of Supply on which Igst need to be Pay. Whether it should be FOB or CIF? PLEASE GIVE REFERENCE OF SECTION AND NOTIFICATIONS .

Reply-As per Sec 15 (2)(c)  incidental expenses, including commission and packing, charged by the supplier to the recipient of a supply and any amount charged for anything done by the supplier in respect of the supply of goods or services or both at the time of, or before delivery of goods or supply of services; shall include in value of supply.

Thus CIF should be the taxable value of Supply on which Igst need to be Pay.