High sea sales
This query is : Resolved
05 December 2015
Hi Friends,
One of our clients has imported furniture from outside country. But they have got the invoice from Bangalore branch.No VAT is charged in the invoice. But it is clearly mentioned as high sea sale.
My question is can this be taken as import. (they have received furniture from other country).if yes, then will there not be any problem regarding invoice which is raised from bangalore.
One of our clients has imported furniture from outside country. But they have got the invoice from Bangalore branch.No VAT is charged in the invoice. But it is clearly mentioned as high sea sale.
My question is can this be taken as import. (they have received furniture from other country).if yes, then will there not be any problem regarding invoice which is raised from bangalore.
CA R SEETHARAMAN
(Expert)
05 December 2015
No vat is payable on high sea sale. As the importer in India is selling the goods on high seas the invoice can be from Bangalore. It is an imported item.
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