Hss sale

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DEVENDRA DEVIDASANI

B.Com

28 Points Posted on 25 October 2012

DEAR SIRS.

REF MY QUESTION OF 23.10.2012.

BY IMPORT PERMIT I MEAN THAT THE GOODS WHICH HAVE BEEN SOLD ON HIGH SEA SALES ARE RESTRICTED AND FOR THE CLEARANCE OF WHICH IMPORT PERMIT IS REQUIRED TO BE ISSUED BY AUTHORISED GOVERNMENT AGENCIES. WHETHER THE BUYER OF SUCH GOODS ON HIGH SEA SALES BASIS IS REQUIRED TO OBTAIN SUCH IMPORT PERMIT BEFORE CLERANCE OF SUCH GOODS FROM CUSTOMS IN HIS OWN NAME WHEN SELLR OF SUCH GOODS ON HIGH SEA SALES BASIS HAD ALREADY OBTAINED SUCH IMPORT PERMIT FROM AUTHORISED AGENCY.

I HOPE MY QUESTION IS CLEAR NOW. PLEASE CLARIFY.

THANKS,

DEVENDRA DEVIDASANI

Replies (2)

Rama Krishnan

MBA

571 Points Posted on 25 October 2012

TO MY OPINION, ONCE THE GOODS ARE SOLD ON HSS, THE HSS BUYER IS REQUIRED TO COMPLY ALL THE RULES & REGULATIONS FOR IMPORT OF SUCH ITEMS, IF THE ITEM REQUIRE A IMPORT LICENCE THEN LEGALLY , THE HSS BUYER HAS TO OBTAIN A LICENCE FROM DGFT IN HIS NAME.

OPTIONS THAT CAN BE EXPLORED:-

DGFT IN MANY OF THE CASES RELAX NORMS BASED FACTUAL POSITIONS AND GROUNDS.

SO THE BEST YOU CAN DO IS TO MAKE OUT A DETAILED REPRSENTATION TO DGFT, MEET THE OFFICERS IN PERSON AND EXPLAIN YOUR CASE . THEY MAY ENDORSE THE LICENCE IN FVAOUR OF HSS BUYER. THIS WILL SOLVE THE PROBLEM.

Guest

Without having IEC code ( Import Export Code) no one can import anything. When you sale the consignment during transit period i.e. high sea sale basis, the buyer must present all the relevant documents to custom authority to take the shipment