High sea sales and customs duty exemption
This query is : Resolved
16 January 2014
Hi All,
A company ( ultimate buyer) has customs duty exemption.
Whether they can purchase any material through high sea sales option and use the customs duty exemption for the same.
Please opine. Thanks in advance
A company ( ultimate buyer) has customs duty exemption.
Whether they can purchase any material through high sea sales option and use the customs duty exemption for the same.
Please opine. Thanks in advance
19 January 2014
Yes,High Seasale is nothing but a one kind of import.If any body import through high sea sale he can have duty benefit /exemption if he has for the perticular item imported through High sea sale.
Message likes :
1 times
Jyotindra Thakar
(Expert)
13 February 2014
Dear Shankar,
Yes, If the buyer has got specific exeption from payment of duty, here can buy goods already imported by somebody and still in transit on highseas sale basis and avail duty exemption. This will be document transfer and Bill of entry will have to be filed by the buyer who enjoys dugty exemption.
Yes, If the buyer has got specific exeption from payment of duty, here can buy goods already imported by somebody and still in transit on highseas sale basis and avail duty exemption. This will be document transfer and Bill of entry will have to be filed by the buyer who enjoys dugty exemption.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- GSTR-9C filing
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- Applicability of tax on invoice
- TDS- 2026-27 Q1 Correction
- IMS (import of goods) ITC related
- Form 144 TDS Return Validation Error – Mandatory Fields
- LLP audit and disclosure
- Ito add credit side of bank
- Employee secondment
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
