https://www.taxtmi.com/caselaws?id=210447 The High Court upheld the Assessee's claim for exemption on High Sea Sales under Section 5(2) of the CST Act. It emphasized that the transfer of the Bill of Lading to the ultimate buyer before crossing the customs frontier constituted a valid High Sea Sale. The Court highlighted the significance of the Bill of Lading as a document of title and dismissed the Revenue's argument based on discrepancies in the Bill of Entry. The Court concluded that the Assessee's claim was valid, emphasizing the legal validity of the High Sea Sales transaction structure. en-us Fri, 16 Sep 2011 00:00:00 +0530 Fri, 22 Aug 2014 12:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210447 The High Court upheld the Assessee's claim for exemption on High Sea Sales under Section 5(2) of the CST Act. It emphasized that the transfer of the Bill of Lading to the ultimate buyer before crossing the customs frontier constituted a valid High Sea Sale. The Court highlighted the significance of the Bill of Lading as a document of title and dismissed the Revenue's argument based on discrepancies in the Bill of Entry. The Court concluded that the Assessee's claim was valid, emphasizing the legal validity of the High Sea Sales transaction structure. Case-Laws VAT and Sales Tax Fri, 16 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210447