Understand India's GST impact on import ocean freight. This summary covers IGST, Reverse Charge Mechanism (RCM), and landmark court judgments (Mohit Minerals, Agarwal Coal) that clarify tax ...

The term CIF stands for cost, insurance and freight. It is a common term for international shipments, and many nations use the CIF total as the basis for the duty charge or other taxes on the ...

When a CIF – Cost, Insurance and Freight – shipping agreement is used, ... providing minimum insurance and paying freight charges to move the goods to a destination chosen by the buyer.

Cost, Insurance, and Freight . Like CFR, CIF is restricted for use between parties who deal in goods that are transported by sea. CIF agreements are also nearly the same as CFR agreements.