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of <h1>IGST to be Levied Once on High Sea Sales at Importation; Value Includes All Additions from Transactions.</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 for IGST includes all value additions from high sea sales. Importers must provide documentation to link the initial and final transaction prices. Customs authorities may verify the declared value and adjust it if necessary. Field formations are instructed to implement this decision accordingly.
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