https://www.taxtmi.com/forum/issue?id=3203 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. en-us Thu, 21 Jul 2011 12:53:34 +0530 Thu, 23 Jan 2025 15:58:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3203 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. Discussion-Forum Customs Thu, 21 Jul 2011 12:53:34 +0530 https://www.taxtmi.com/forum/issue?id=3203