what is high sea sale and high sea purchase????????????
2 Replies
Rajesh Kumar
(Advocate- Tax)
(7806 Points)
Replied 01 February 2009
When goods are sold beyond the territorial water of india, on high seas- it is called high sea sales.
Venkatesh
(Managing Director)
(37 Points)
Replied 01 June 2010
when an orginal importer sells his goods to a third party before the goods reach the destination port and the contract signed between them both is called the High sea sales/purchase contract.
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