What is mean of Hi-sease sale and what are papers required to claim for Hi-sease sale?
Thanks
Shyam Lal Naik
(Service)
(6156 Points)
Replied 07 October 2009
The correct term is "high sea sale". It refers to a transaction of sale and purchase during the course of imports. High sea sale are exempt from levy of sales tax.
The high sea sale agreement is the required document.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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