High seas sales.
This query is : Resolved
15 December 2011
hello every one.i have a query about high seas sales. The concerned firm does high sales but at a profit margin of more than 2% (say 10%) on the basic cost of import. Are there any compliances about this? In this situation what we are supposed to do ?
MJ Krishnamurthy
(Expert)
16 December 2011
Mr Ramesh,
You have endorse the shipping documents received by from your supplier,authorising,your customer to get the goods cleared from the custom stores,receive them and transport themselves. The main documents to be handed over are bill of lading,packing list,insurance and your local invoice.The clearing agents will arrange to clear the goods from the cusoms office,port etc and hand over the goods to your customer.You can charge your price in the local invoice.
MJK
You have endorse the shipping documents received by from your supplier,authorising,your customer to get the goods cleared from the custom stores,receive them and transport themselves. The main documents to be handed over are bill of lading,packing list,insurance and your local invoice.The clearing agents will arrange to clear the goods from the cusoms office,port etc and hand over the goods to your customer.You can charge your price in the local invoice.
MJK
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