sale of goods under custom bond (bond transfer)

you mean high seas sales

pravin ji, this concept is called high seas sales. & u need not to charge any duty from buyer since he is liable to pay the same while clear out his shipment. dual chargin of IGST is not appreciable.

although this point is not too much clear under GST but practically it is right.

ok momin ji, plz share me the difference

Dear preeti,

In High Sea sales

importer enters into agreement with final buyer for transfer of rights on buyer name before custom declartion filed and custom declartion will be filed by final buyer in high sea sale he will pay the igst on total sales at 1time.

IN custom warehouse Bond

in custom bond importer imports the goods and files custom declartion with customs to warehouse the material(Bill of entry for ware house ) will come.

this is also called bonding.

from this bond he can take total or part of material and transfer the rights to  final buyers.

and BOE filed in the name of final buyer and he pays IGST against BOE.

i need to know what is tax treatment in bond to bond sale to buyer and this transaction how can i show in gst returns.

kindly give clear idea how to proceed.

Thanking you,

G.Ravikumar

9052231117