Benefits of High sea sales for Merchant ??

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..... Benefits of High sea sales for Merchant ??
Query (Issue) Started By: - Kishan Barai Dated:- 11-1-2017 Last Reply Date:- 13-2-2017 Customs - Exim - SEZ
Got 2 Replies
Customs
Suppose A impo .....

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..... rts products & B (Merchant) buys from A on high sea & sell it to C (mfg unit) now will B get refund of CVD & SAD ?? Is such purchase useful for C if we consider taxation as focol point ?? Please elab .....

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..... orate in details. Thanks Reply By MUKUND THAKKAR: The Reply: High sea sale means transfer the ownership of import goods in transit, buyer have to pay all duties. refund is not allow in custom law in .....

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..... case of importing the goods. Reply By Sanjay Kumar: The Reply: SAD refund from customs will be applicable if the importer sales the imported item on CST. High sea sales are beneficial as the buyer .....

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..... can avoid state VAT in this case because importer is selling to buyer on high seas.
Discussion Forum - Knowledge Sharing .....

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