TaxTMI 
TaxTMI 
Suppose A imports products & B (Merchant) buys from A on high sea & sell it to C (mfg unit) now will B get refund of CVD & SAD ?? Is such purchase useful for C if we consider taxation as focol point ??
Please elaborate in details. Thanks
Benefits of High sea sales for Merchant ??
11 Jan 2017 
2 Replies 
9142 Views Asked by
High sea sale transfers import ownership and affects duty refund entitlement and potential avoidance of state VAT.
High sea sale transfers ownership of imported goods in transit, typically leaving the buyer responsible for import duties; customs law does not generally permit duty refunds solely due to such a transfer. A possible SAD refund route exists where the importer sells the imported goods under Central Sales treatment, and high sea sales may alter state VAT liability for the buyer. (AI Summary)
High sea sale transfers ownership of imported goods in transit, typically leaving the buyer responsible for import duties; customs law does not generally permit duty refunds solely due to such a transfer. A possible SAD refund route exists where the importer sells the imported goods under Central Sales treatment, and high sea sales may alter state VAT liability for the buyer. (AI Summary)