Check list of 3rd country high sea sale from india

[Shiv Yadav]

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

AI Summary

Merchanting trade: transactions without goods entering territory require no high-seas sale formalities; follow applicable banking procedures.
Transactions in which goods are bought from a foreign seller and sold to a foreign buyer without the goods entering national territory are classified as merchanting trade and do not require domestic high-seas sale formalities; relevant remittance, invoicing and reporting procedures are governed by applicable banking guidance and should be followed as per the banking regulator's published checklist.