The information provided here is part of Export Import Online Tutorial
Is sales tax applicable on shipments effected under high sea sales?
This is one of the queries among traders who do business under High Sea Sales - Is sales tax applicable on shipments effected under high sea sales?
Can we treat High Sea Sale as import?
As per I have clearly stated the ‘Meaning of Exports and Imports’ in another article in same website with my redefinition on Imports and Exports. So I can clearly state that High Sea Sale is neither falls under Export nor Import.
Since high sea sale transactions are effected before arrival of goods to the country, no sales tax is applicable on imports under high sea sale. High sea sales are carried out outside territory of a country, hence it is not coming under the term ‘Imports’.
Who is involved in central excise benefits/levies on high sea sale.
As per customs and central excise, the goods are imported in the name of high sea sale buyer and all benefits and levies are involved with the new buyer (final buyer). Necessary formalities under central excise need to be followed by the final buyer under high sea sale imports.
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?, Can high sea sale be effected more than two times?, 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.
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