High sea sales and customs duty exemption
This query is : Resolved
16 January 2014
Hi All,
A company ( ultimate buyer) has customs duty exemption.
Whether they can purchase any material through high sea sales option and use the customs duty exemption for the same.
Please opine. Thanks in advance
A company ( ultimate buyer) has customs duty exemption.
Whether they can purchase any material through high sea sales option and use the customs duty exemption for the same.
Please opine. Thanks in advance
19 January 2014
Yes,High Seasale is nothing but a one kind of import.If any body import through high sea sale he can have duty benefit /exemption if he has for the perticular item imported through High sea sale.
Message likes :
1 times
13 February 2014
Dear Shankar,
Yes, If the buyer has got specific exeption from payment of duty, here can buy goods already imported by somebody and still in transit on highseas sale basis and avail duty exemption. This will be document transfer and Bill of entry will have to be filed by the buyer who enjoys dugty exemption.
Yes, If the buyer has got specific exeption from payment of duty, here can buy goods already imported by somebody and still in transit on highseas sale basis and avail duty exemption. This will be document transfer and Bill of entry will have to be filed by the buyer who enjoys dugty exemption.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- TDS NUMBER SURRENDER
- Offsetting interest income against derivative trading losses
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Application of 115BAC
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- RCM - commercial rent paid to URP under GST
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
