Ever heard of High Sea sales?

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..... Ever heard of High Sea sales?
By: - Pradeep Reddy
Goods and Services Tax - GST
Dated:- 17-2-2025
It's a strategic approach for importers in India, yet many businesses-especially traders-are missing out on it. 𝗛𝗲𝗿𝗲'𝘀 𝗵𝗼𝘄 𝗶𝘁 𝘄𝗼𝗿𝗸𝘀: ✅ 𝗦𝘁𝗲& .....

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..... #120317; 1: ABC India imports goods from ABC USA. ✅ 𝗦𝘁𝗲𝗽 2: While the goods are still in transit (before crossing Indian customs), ABC India sells them to a final customer in India. 𝗪𝗵𝘆 𝗱𝗼𝗲𝘀 𝘁𝗵𝗶𝘀 𝗺𝗮𝘁𝘁𝗲𝗿? 📦 𝗖 .....

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..... 𝘂𝘀𝘁𝗼𝗺𝘀 𝗗𝘂𝘁𝘆 𝗔𝗱𝘃𝗮𝗻𝘁𝗮𝗴𝗲: The final customer pays customs duty based on their purchase price, not the cost ABC India originally paid. 💡 𝗚𝗦𝗧 𝗘𝘅𝗲𝗺𝗽𝘁𝗶𝗼x .....

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..... 315;: Since the goods haven't crossed the customs frontier, GST isn't applicable on the sale between ABC India and the final customer. GST is charged only once-during customs clearance-and paid by the final customer. 🗂️ 𝗞𝗲𝘆 𝗗𝗼𝗰𝘂𝗺𝗲𝗻𝘁𝘀 𝗥𝗲𝗾𝘂𝗶𝗿 .....

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..... ;𝗲𝗱: 📑 High Sea Sales agreement mentioning all parties. 🧾 Invoices from both ABC USA to ABC India and ABC India to the final customer. 📦 Bill of lading, packing list, certificate of origin, and insurance documents. ⚠️ 𝗔 𝗖𝗼𝗻𝘀𝗶𝗱𝗲𝗿𝗮𝘁𝗶𝗼⻿ .....

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..... 5; 𝘁𝗼 𝗞𝗲𝗲𝗽 𝗶𝗻 𝗠𝗶𝗻𝗱: The final customer will gain visibility into 𝗔𝗕𝗖 𝗜𝗻𝗱𝗶𝗮'𝘀 𝗺𝗮𝗿𝗴𝗶𝗻 since they will see both the original and resale invoices. This transparency could impact pricing n .....

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..... egotiations in future transactions. When structured carefully, though, 𝗛𝗶𝗴𝗵 𝗦𝗲𝗮 𝗦𝗮𝗹𝗲𝘀 can be a powerful tool for optimizing tax efficiency and simplifying compliance. ✅ Have you explored this strategy for your imports?
Scholarly articles for knowledge sharing by authors, experts, professiona .....

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..... ls .....

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