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of <h1>IGST on High Sea Sales: Levied Once at Importation with Value Addition Included. Documentation Required for Transaction Links.</h1> The circular addresses the applicability of Integrated Goods and Services Tax (IGST) on high sea sales of imported goods. High sea sales occur when the original importer sells goods to a third party before customs clearance. The GST Council decided that IGST should be levied only once, at the time of importation when customs declarations are filed. The value addition from each high sea sale will be included in the IGST calculation. Importers must provide documentation to link the original and final transaction prices. Field formations are instructed to follow these guidelines, and any difficulties should be reported to the Board.
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