High Seas Sale registration procedure replaced by on assessment verification of contracts, invoices, bill of lading and broker authority. Removes prior registration of High Seas Sale agreements at the Import Noting Section and requires the Bill of Entry to include complete HSS buyer/seller details and commission; mandates production of a notarized or banker attested HSS contract, authenticated bill of lading, High Seas Sale and commercial invoices, broker authority or buyer application, and IEC copies, with the proper officer to verify these particulars during assessment or before out of charge, including where multiple HSS agreements exist.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
High Seas Sale registration procedure replaced by on assessment verification of contracts, invoices, bill of lading and broker authority.
Removes prior registration of High Seas Sale agreements at the Import Noting Section and requires the Bill of Entry to include complete HSS buyer/seller details and commission; mandates production of a notarized or banker attested HSS contract, authenticated bill of lading, High Seas Sale and commercial invoices, broker authority or buyer application, and IEC copies, with the proper officer to verify these particulars during assessment or before out of charge, including where multiple HSS agreements exist.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
