We are purchasing goods on CFR basis from a supplier located in non taxable territory and ocean freight is payable by supplier to a shipping line located in non taxable territory i.e.( from China to Mumbai port)
our query is when we are liable to pay IGST on C.I.F. value of import of goods in INDIA at the time of on filing of bill of entry at custom ,
please clarify us shall we also be liable to pay IGST on RCM on notional ocean freight amount as freight amount is not known to us ?