TaxTMI 
TaxTMI 
Dear Sir / Madam
Can anyone explain me what is High Sea Sale and its procedure in India?
Also I wanted to know High Sea Sale procedure in case of purchase from outside india and sale therein only.
Prakash
9833308491
High Sea Sale
21 Jul 2011 
16 Replies 
55384 Views Asked by
Guest 
High sea sale: transfer of title before customs entry affecting customs valuation and entitlement to sales tax exemption.
High Sea Sale transfers title to imported goods by agreement and endorsement of carrier documents after dispatch from origin but before customs clearance in India; the bill of entry is filed in the HSS buyer's name or shows the HSS buyer where EDI permits. Customs treats transfers before filing and assessment as sales in the course of import and bases duty on the HSS transaction value, with HSS transactions generally exempt from state sales tax when title passes prior to customs clearance. Multiple HSS transfers are assessed on the last sale value and documentary proof of earlier transfers may be required. (AI Summary)
High Sea Sale transfers title to imported goods by agreement and endorsement of carrier documents after dispatch from origin but before customs clearance in India; the bill of entry is filed in the HSS buyer's name or shows the HSS buyer where EDI permits. Customs treats transfers before filing and assessment as sales in the course of import and bases duty on the HSS transaction value, with HSS transactions generally exempt from state sales tax when title passes prior to customs clearance. Multiple HSS transfers are assessed on the last sale value and documentary proof of earlier transfers may be required. (AI Summary)