TaxTMI 
TaxTMI 
Dear expert,
Can you explain elaborately the position of high sea sales under the GST regime. Thanks iin advance.
High sea sales
23 Jul 2017 
5 Replies 
2884 Views Asked by
High sea sale treatment: IGST charged at import via bill of entry; subsequent resale not subject to domestic GST.
High sea sales are treated as imports and IGST is payable once at the time the bill of entry is filed, based on the value declared reflecting the high sea purchase; importation is subject to applicable customs duties plus IGST, and subsequent domestic resale by the importer does not attract CGST/SGST or a second IGST charge. (AI Summary)
High sea sales are treated as imports and IGST is payable once at the time the bill of entry is filed, based on the value declared reflecting the high sea purchase; importation is subject to applicable customs duties plus IGST, and subsequent domestic resale by the importer does not attract CGST/SGST or a second IGST charge. (AI Summary)