Akhil Goel (Student, Final) (37 Points)
21 April 2011Please tell me the sales tax provision in case on high seas sale.
case:
Suppose "A" be the original importer importing goods from "B" when the ship is sailing "A" entered into the high seas sale agreement with "C" then in this case will "A" add sales tax to the sale bill he will issue to the "C".
Rohit
(Student)
(57 Points)
Replied 26 April 2011
if 'A' has entered into a contact with 'C' then there is no need for 'A' to levy VAT.
In this case, 'A' will have to endorse the documents in favour of 'C' and finally 'C' will clear the goods from customs paying all duties.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
CAclubindia
