Can high sea sale be effected more than two times.

 

 

Can high sea sale be effected more than two times?

 

Is High Sea Sale possible more than twice in an import consignment?

 

High sea sale can be affected more than two times

 

However other terms and conditions to be followed under the term ‘high sea sale’. The time of high sea sale procedures and legal contract on high sea sale are commenced only after leaving territorial limit of exporting country. The high sea sale transactions have to be completed before arrival of goods at territorial limit of importing country.

 

Can high sea sale be effected more than two times

High sea sales can be effected any number of times without violating the rules and regulations. Since Bill of lading is a document of title, the proper endorsement on original bill of lading has to be effected before arrival of goods. Bill of lading procedures under high sea sale need to be fulfilled before arrival of cargo at territorial border of importing country.

 

You may click here to read other articles about High Sea Sales :A simple tutorial on high sea sale procedures and formalities in India   Major Documents required under High Sea Sales,   How to hide invoice value of original contract under high sea sale transactions,   Can high sea sales possible under air shipment?,    Is sales tax applicable on shipments effected under high sea sales?   How to check the time of contract on high sea sale transaction?  Documentation procedures on high sea sale.   Yes, I am sure, once after going through that articles you will have a good knowledge about High Sea Sales under International business.

 

Would you like to share your experience in the area of High Sea Sale procedures and formalities?

 

Comment below about High Sea Sale.

 

 

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Comments


Dhanesh Parekh: Can we give and commercial invoice before the ship sails. Can I do HSS on same day the ship sails. Can HSS be disallowed if date of issuence of B/L is later than date of shipping.

mayur parikh: can we make hss with more than 2 or 3 parties?

Kamalakant B Tawte : Request you, pl. give your best comments on below: 1. Can any importer sale his goods on highseas basis to two different buyer under "ONE BILL OF LADING" If YES/NO please give your suggestion. 2. Among one of the buyer is merchant exporter who is not registered with Excise. How he can charge Excise on 2nd buyer who is manufacturer and want to avail CVD.

Agam sanghavi : Can you tell me if we can do high sea sale twice? also if you can tell me what is the procedure for the same.

Jagdish Bhatia: Dear Sir, 1. If "high sea sale are commenced only after leaving territorial limit of exporting country and to be completed before arrival of goods at territorial limit of importing country"; then how it is possible in case of shipment by air. Because shipment by air arrives within few hours. 2. I would also be glade to know the purpose of doing 'High seas sale" in brief. Thanks and regards. Bhatia

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