Oversea sales (transit export of imports)


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Querist : Anonymous

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Querist : Anonymous (Querist)
27 December 2012 There is an order received by an indian company to sale its goods to a customer in SRI LANKA. To execute it the Indian company plans to import the goods and instead of bringing goods in India and pay duty, divert them directly to Sri lanka. The customer then get the goods clear by his own cost in Sri Lanka.


Is this transaction possible ? Will it be categories as High seas sale (export). So the Indian company is neither required to pay custom duty nor sales tax.



Kindly advice at your earliest.



29 December 2012 read link:

https://www.eximguru.com/exim/trade-agreement/india-sri-lanka-free-trade-agreement.aspx


please if you have any query then ask..but read the said link...

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 December 2012 SIR, THANKS FOR UR GUIDANCE.
MAY I KNOW THE HIGH SEA SALES PROCESURE & FORMAILITIES IMPORT & EXPORT DIRECTLY WITHOUT BRINGING INTO INDIA.
REGARDS

31 December 2012 https://www.caclubindia.com/share_files/high-sea-sale-36661.asp#.UOEck2c-1tg


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