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want to know about Highseas Purchase & sales

This query is : Resolved 
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(Querist)
28 May 2009 Dear sir,

I would like to know all about High Seas purchase & sales.

thanks
Hemant Joshi
Nadiad
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Deepak Agrawal

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Deepak Agrawal (Expert)
28 May 2009 High seas purchase and sales means the transaction is taking place when the goods are not entered the country's territory.

For Ex:

A for India imports goods from UK through waterways. In that before the ship has reached India's territory, A has sold it to B. So in this case it is the High sea sales transaction for A.
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CA Tirth Ajani

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CA Tirth Ajani (Expert)
28 May 2009 https://au.answers.yahoo.com/question/index?qid=20070726051156AAgMA54
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
28 May 2009 https://www.psbedi.com/highseasales.htm
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