TaxTMI 
TaxTMI 
I wanted to know does any SALES TAX applicable when we do business on HIGH SEAS SALE BASIS. does any local commercial taxes applies or not ?
DOES VAT APPLIES IN HIGH SEAS SALE BASIS
22 Sep 2011 
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High seas sales exemption: VAT and sales tax do not attach when title transfers before customs clearance under CST principles.
VAT and local sales tax do not apply to imports or exports treated as outside State taxing power; transfers of title by transfer of documents before customs clearance are deemed sales in the course of import and fall within the exemption under Section 5(2) of the Central Sales Tax Act. (AI Summary)
VAT and local sales tax do not apply to imports or exports treated as outside State taxing power; transfers of title by transfer of documents before customs clearance are deemed sales in the course of import and fall within the exemption under Section 5(2) of the Central Sales Tax Act. (AI Summary)