HIGH SEA SALES AGREEMENT FOR SEZ

[Sreeram S]

Is High Sea Sales Agreement mandatory for importing items from Special Economic Zone?

AI Summary

Debate on High Sea Sales Agreement: Is It Essential for SEZ Imports? Differing Views on Customs Valuation. A discussion on whether a High Sea Sales Agreement is mandatory for importing items from a Special Economic Zone (SEZ) received differing views. One respondent argued that it is mandatory for customs valuation to determine the duty amount foregone. Another disagreed, stating it is not necessary unless a merchant sources on behalf of the SEZ to claim import benefits. The discussion highlights differing interpretations regarding the necessity of the agreement in the context of SEZ imports.