TaxTMI 
TaxTMI 
Is High Sea Sales Agreement mandatory for importing items from Special Economic Zone?
HIGH SEA SALES AGREEMENT FOR SEZ
22 Jun 2018 
2 Replies 
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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. (AI Summary)
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. (AI Summary)