Dear Sir / Madam
Can anyone explain me what is the procedure for High Sea Sale to 3rd country and its procedure in India?
I wanted to know High Sea Sale procedure lubricants oil from Korea and sale to Bangladesh .
please share with me checklist and procedure.
Shiv Yadav
9911008686
Guidance Sought for High Sea Sale of Lubricant Oil from Korea to Bangladesh; Clarified as Merchanting Trade An individual inquired about the procedure for conducting a High Sea Sale from India, specifically regarding the sale of lubricant oil from Korea to Bangladesh. The individual sought a checklist and procedural guidance. Another participant clarified that if the goods do not enter Indian territory, the transaction is considered merchanting trade, not requiring a high sea sale. The participant suggested consulting the Reserve Bank of India's website for detailed banking procedures. The inquirer expressed gratitude for the shared information. (AI Summary)