Hss
This query is : Resolved
24 November 2013
what is high Seas sale? and what are the conditions to fulfill? is vat/cst liability apply under this case?
24 November 2013
A high sea sale is a sale done before receiving the goods by the importer to a customer.In this sale import documents,like bill of lading,packing list etc are handed over to the buyer along with an endorsement,on the documents by the seller,to his customer. The customer himself should clear from the Custom Warehouse,and pay all clearance charges.The importer can remove the import invoice with his invoice.This sale is exempt from VAT. ....mjk
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