High seas import sales.

This query is : Resolved

Gopal Khetan (Querist)
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10 November 2011 We regularly effect high seas sales ,during the course of import. On completion of the high sea sales contract, the difference in import price, and high seas sale price is recovered from buyer as commission, and we are charging service tax on this commission.

Is this a right practise, to term the profit as commission or brokerage ,and should we continue charging service tax ?

Please guide.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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14 November 2011 High Sea sales (HSS) is a sale carried out by the carrier document consignee to another buyer while the goods are yet on high seas or after their dispatch from the port/ airport of origin and before their arrival at the port / airport of destination.

IF YOU ARE SERVICE PROVIDE , YOU ARE RIGHT , EMINENT EXPERTS PLEASE COMMENTS ON THIS MATTER .....

Gopal Khetan

Gopal Khetan (Querist)
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14 November 2011 I NEED CLARIFICATION, AS TO HOW DO I TERM THE DIFFERENCE BETWEEN SALE PRICE AND COST PRICE,IS THIS BROKERAGE,COMMISSION ?

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