https://www.taxtmi.com/forum/issue?id=110663 Direct third country sale requires compliance with the buyer's letter of credit terms; the intermediary must ensure the LC permits substituted documents and, if accepted, effect a switch bill of lading. The intermediary should present the commercial invoice and packing list as required under the LC and shipping arrangements. Where goods ship directly from the foreign seller to the foreign buyer and the intermediary in India does not take physical possession, such transactions are not subject to Indian sales tax in the described scenario. en-us Wed, 20 Jul 2016 21:41:26 +0530 Thu, 23 Jan 2025 15:56:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110663 Direct third country sale requires compliance with the buyer's letter of credit terms; the intermediary must ensure the LC permits substituted documents and, if accepted, effect a switch bill of lading. The intermediary should present the commercial invoice and packing list as required under the LC and shipping arrangements. Where goods ship directly from the foreign seller to the foreign buyer and the intermediary in India does not take physical possession, such transactions are not subject to Indian sales tax in the described scenario. Discussion-Forum Customs Wed, 20 Jul 2016 21:41:26 +0530 https://www.taxtmi.com/forum/issue?id=110663