HIGH SEA SALES AGREEMENT FOR SEZ

[Sreeram S]

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

[YAGAY and SUN]

In our view just for the sake of Customs Valuation for determining the amount of duty foregone, it is mandatory.

[Kishan Barai]

Nope, we don't think so High Sea Sales Agreement is mandatory for importing items form SEZ. Please correct me if I am wrong.

I believe HSS is needed if a merchant source on behalf of SEZ & to claim as SEZ import for benefits.

AI Summary

High sea sale agreement: required for Customs valuation to establish duty foregone; may be unnecessary absent merchant sourcing.
A High Sea Sales Agreement may be required for Customs Valuation to determine duty foregone when it is used as evidence of the transaction. Alternatively, an HSS is not universally mandatory for SEZ-origin imports and is principally needed where a merchant sources on behalf of the SEZ or where the sale structure is used to claim SEZ import benefits; otherwise standard import documentation may suffice.