Integrated Goods and Services Tax on high sea sales is collectable only at importation, including value additions. IGST on high sea sale transactions of imported goods is to be levied and collected only at the time import declarations are first filed for customs clearance, with value additions from each high sea sale included in the value on which IGST is collected. The importer of record must furnish the full chain of documents linking initial and final prices, and Customs may reject declared transaction value and determine value under Customs Valuation rules if accuracy is doubtful.
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Provisions expressly mentioned in the judgment/order text.
Integrated Goods and Services Tax on high sea sales is collectable only at importation, including value additions.
IGST on high sea sale transactions of imported goods is to be levied and collected only at the time import declarations are first filed for customs clearance, with value additions from each high sea sale included in the value on which IGST is collected. The importer of record must furnish the full chain of documents linking initial and final prices, and Customs may reject declared transaction value and determine value under Customs Valuation rules if accuracy is doubtful.
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