what is high sea sale
This query is : Resolved
Sandeep Kumar Gupta
(Querist)
07 November 2009
imp
CA Balram Sharma
(Expert)
07 November 2009
WHEN GOODS ARE COMING IN INDIA,
BEFORE ENTERY OF GOODS IN INDIAN CUSTOM WATER ,
ORIGINAL PURCHASER SALE THE GOODS TO OTHER PERSON,
THIS SALE IS KNOWN AS HIGH SEA SALE
BEFORE ENTERY OF GOODS IN INDIAN CUSTOM WATER ,
ORIGINAL PURCHASER SALE THE GOODS TO OTHER PERSON,
THIS SALE IS KNOWN AS HIGH SEA SALE
07 November 2009
Agreed with expert. Entry into Indian Custom Jurisdiction is determined on the date the shipping line files the Imports Goods Manifest (IGM) with the customs at first port of call in India. Once that document is filed with the custom, no more high sea sales can take place for goods on board that ship that have to be unloaded in Indian Ports.
Ram Avtar Singh
(Expert)
08 November 2009
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