Highseas sale in case of import

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 April 2015
Dear Seniors,

A is the Material Manufacturer in Germany (foreign Party)

B is the Purchaser/Dealer in Noida, (UP)

C Customor/Consignee Bangalore (karnataka)
My Question is:

Is the below transaction "Highseas Sale" or not ?.

B purchases the material from A under Bill of Entry and B prepare a Invoice without any tax amount to C.

the material A Delivers in the name of B as a buyer & B directly send the material from port to C and B Endorse the L.R.in the name of C. so, material collects by C

who issue "c" form to whom & how to B enjoy the tax benifit on sale to C

Please guide me.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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30 April 2015 For high sea sale B should purchase the material on FOB basis on bill of lading and sell it when the material on board of ship on high seas to c. Then only no VAT payable.

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