Is it a high sea sale ?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 April 2011
Company A intends to import the goods from China and wants to sell the same to Indian customer at Shangai port (FOB).Is it permissible ? Is it a high sea sale transaction ? Is it necessary that payment should be recd. in Foreign currency ?
15 April 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.
HSS is accepted under the import trade control regulation. Refer para 2.24 of Foreign trade policy 2009-2014.
in your case , this is not HIGH SEA SALE.
HSS is accepted under the import trade control regulation. Refer para 2.24 of Foreign trade policy 2009-2014.
in your case , this is not HIGH SEA SALE.
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