High seas sales purchase of imported goods
This query is : Resolved
Vipul Adhvaryu
(Querist)
12 August 2013
Dear Expert,
We have two seperate Manufacturing Units, havinge seperate Excise Jurisdiction & ECC Nos, but under One Company Name & Common IEC Code.
I intend to sale Imported material on High Seas Basis from One Unit to another.
The question is , is it permitted under Customs Law ?
Shall appreciate your guidance with reference data (Notification/Case Law Judgement etc.etc.)
Thanks & Regards,
Vipul Adhvaryu.
Manager - Commercial
ASHU GROUP.
We have two seperate Manufacturing Units, havinge seperate Excise Jurisdiction & ECC Nos, but under One Company Name & Common IEC Code.
I intend to sale Imported material on High Seas Basis from One Unit to another.
The question is , is it permitted under Customs Law ?
Shall appreciate your guidance with reference data (Notification/Case Law Judgement etc.etc.)
Thanks & Regards,
Vipul Adhvaryu.
Manager - Commercial
ASHU GROUP.
RAMESH KUMAR VERMA
(Expert)
09 October 2013
does not applicable for this purpose.
Refer para 2.24 of the Foreign Trade Policy 2009-2014, "Sale of goods on high seas for import into India may be made subject to FTP or any other law in force."
Refer para 2.24 of the Foreign Trade Policy 2009-2014, "Sale of goods on high seas for import into India may be made subject to FTP or any other law in force."
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