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High sea sale

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(Querist)
11 February 2015 please explain the high sea sale contract and agreement between parties
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
11 February 2015 Contract of sale entered in to when goods under import is on high seas. is called high sea sale.
No vat is payable on such sale.
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Rupesh Jain

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Rupesh Jain (Expert)
11 February 2015 YOU CAN MAKE HIGH SEASALEAGREEMNT WHEN GOODS LEAVE THE PORT SITE. AND IN WAY THEN YOU CAN MAKE SALE OF GOODS.THEN NO TAX WILL APPLICABLE.
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paneendra

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paneendra (Querist)
11 February 2015 Let us know what are the documents required for entering the contract for high sea sale?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
12 February 2015 See the link.
http://howtoexportimport.com/Documentation-procedures-on-high-sea-sale--386.aspx

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