„B“ includes a purchase agreement with C under sale on the high seas, once after cashing goods from the exporter`s territorial border, but before the arrival of the goods at the territorial border of India. How do I check the duration of the contract for high-seas sales transactions? 1. The sale on the high seas (HSS) is a sale made by the recipient of the carrier to another buyer, while the goods are still on the high seas or after their shipment from the port/origin airport and before they arrive at the port/arrival airport. The decision of the GST councils on sales on the high seas is similar to that of the 1975 Tariff Act. Under the Tariffs Act, all duties, taxes, taxes, etc. are collected for goods imported at the time of importation, i.e. when import declarations are filed with customs authorities for customs clearance purposes. Yes, this can be and even there may be high-seas sales figures between the loading port at the unloading port You can click here to read other articles on High Sea Sales: Important documents required among offshore sales, How can the book value of the original contract be concealed under offshore sales transactions, Can offshore sales be made in air transport?, Can the high seas sale be carried out more than twice?, Does the offshore sales tax apply to offshore shipments? How do I check the duration of the contract for high-seas sales transactions? Documentation procedure for sale on the high seas. Yes, I am sure that once you have passed these items, you will have a good knowledge of high seas sales in international business. 15. If HSS does not object to the disclosure of the initial import values to HSS purchasers, it is preferable, from a customs clearance perspective, for the seller to approve the B/L packaging list, invoice, for the benefit of the HSS buyer. The approval should be as follows: „Transfer on the basis of offshore sales to M/S ——– for an overview of rupee sales ——–„. This approval should be stamped and signed by the HSS seller.
4. At the conclusion of the HSS agreement, the B/L should be approved in favour of the new purchaser. With respect to the air shipment, the HSS seller should write to the airline agent and Agent Consol to let him know that an HSS agreement has been reached with the HSS buyer and that, therefore, the cargo document is confirmed in favour of the purchaser of HSS and that the IGM should be filed by the airline on behalf of the purchaser of HSS. A few years ago, HSST was used more often and accepted as a normal practice. Large traders regularly took goods from a few remote locations, with their own sources or a long-term contract supplier, and they had the power to put those goods on the market, knowing that they would sell the goods very often before they even landed. Most of the time, all sea trips were very long, so the buyer could take goods on board, had about 30-40 days to sell them, had enough time to arrange all the papers and payments. Now all trips are much shorter, everyone buys everywhere, and not many use HSS. In addition, some authorities question such operations, almost as if it were some kind of smuggling.