Oversea sales (transit export of imports)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 December 2012
There is an order received by an indian company to sale its goods to a customer in SRI LANKA. To execute it the Indian company plans to import the goods and instead of bringing goods in India and pay duty, divert them directly to Sri lanka. The customer then get the goods clear by his own cost in Sri Lanka.
Is this transaction possible ? Will it be categories as High seas sale (export). So the Indian company is neither required to pay custom duty nor sales tax.
Kindly advice at your earliest.
Is this transaction possible ? Will it be categories as High seas sale (export). So the Indian company is neither required to pay custom duty nor sales tax.
Kindly advice at your earliest.
29 December 2012
read link:
http://www.eximguru.com/exim/trade-agreement/india-sri-lanka-free-trade-agreement.aspx
please if you have any query then ask..but read the said link...
http://www.eximguru.com/exim/trade-agreement/india-sri-lanka-free-trade-agreement.aspx
please if you have any query then ask..but read the said link...
Message likes :
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Querist : Anonymous
Querist :
Anonymous
(Querist)
30 December 2012
SIR, THANKS FOR UR GUIDANCE.
MAY I KNOW THE HIGH SEA SALES PROCESURE & FORMAILITIES IMPORT & EXPORT DIRECTLY WITHOUT BRINGING INTO INDIA.
REGARDS
MAY I KNOW THE HIGH SEA SALES PROCESURE & FORMAILITIES IMPORT & EXPORT DIRECTLY WITHOUT BRINGING INTO INDIA.
REGARDS
31 December 2012
https://www.caclubindia.com/share_files/high-sea-sale-36661.asp#.UOEck2c-1tg
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