hi,in simple terms what is high sea sales/purchase?
refer this link,it may help u
/https://shippingandfreightresource.com/2010/11/15/what-is-a-high-seas-sale/
Choco Chip
(CHartered accountant)
(45 Points)
Replied 19 March 2013
The importer sells the goods to another person befor the good lands in Indian Customs Station. In high sea sales, the last buyer has to submit bill of entry, so he will be considered as importer.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
