Question26:

This is regarding a confusion I am having for export under payment of IGST and afterwards claiming refund :
1. How to make export invoice as we are not supposed to transfer the burden to importer thus can`t directly add IGST to sale value.
2. Whether IGST will be paid as per the rates prescribed by RBI and for payment of IGST of which date reference rate to be taken.
Please help me in this regard.

Answer:
Point wise reply to your queries are as follow
1.Export invoice is to be prepared as you are making normal invoice with the only difference that you have a choice to pay tax or not to pay tax
 As per your decision you have to mention on invoice (please see Rule 46 of the CGST Rules)
Provided also that in the case of the export of goods or services, the invoice shall carry an endorsement 'SUPPLY MEANT FOR EXPORT/SUPPLY TO SEZ UNIT OR SEZ DEVELOPER FOR AUTHORISED OPERATIONS ON PAYMENT OF INTEGRATED TAX' or 'SUPPLY MEANT FOR EXPORT/SUPPLY TO SEZ UNIT OR SEZ DEVELOPER FOR AUTHORISED OPERATIONS UNDER BOND OR LETTER OF UNDERTAKING WITHOUT PAYMENT OF INTEGRATED TAX', as the case may be, and shall, in lieu of the details specified in clause (e), contain the following details, namely,-  
(i) name and address of the recipient;
(ii) address of delivery; and
(iii) name of the country of destination:]
The invoice you prepared will go with the goods up to port and will end there .It is not going to the buyer For buyer you have to issue commercial invoice as per the requirement of trade
 This commercial invoice is the document which is to be entertained by the buyer
2 The value of the goods is the value in Indian Rupee it is to be arrived on the basis of conversion rate applicable on the date of issue of invoice .Please note that there will be rate variation on the date of shipment as well as on the date of payment.
 The variation of shipment will be recorded on the shipping bill but it is not concerned with demand and refund of GST.
The rate fluctuation of payment date will be considered in financial record and will not effect GST demand or refund as the case may be. (Reply Dt. 30/12/2017)