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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>IGST on High Sea Sales: Levied Once at Import, Includes Value Added in Transactions Before Customs Clearance.</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 on such transactions should be levied only once, at the time of importation, when import declarations are filed for customs clearance. The value added in each high sea sale will be included in the IGST calculation. Importers must provide documentation to verify the transaction chain, and the Customs department may assess the declared value's accuracy. Any issues should be reported to the customs office.
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