Leviability of Integrated Goods and Services Tax (IGST) on High Sea Sales of imported goods and point of collection thereof-reg.

Leviability of Integrated Goods and Services Tax (IGST) on High Sea Sales of imported goods and point of collection thereof-reg. https://www.taxtmi.com/circulars?id=55964 IGST on high sea sales of imported goods is levied only once at the time of importation when import declarations are first filed; value additions from each high sea sale are included in the value on which IGST is collected. The importer filing customs entry must produce the chain of documents (original invoice, high-seas-sale contract, service charges/commission details) to link initial and last transaction prices, and authorities may reject declared values and determine price under the Customs Valuation Rules when doubts arise. en-us Tue, 01 Aug 2017 00:00:00 +0530 Wed, 02 Aug 2017 12:19:00 +0530 TaxTMI RSS Generator Leviability of Integrated Goods and Services Tax (IGST) on High Sea Sales of imported goods and point of collection thereof-reg. https://www.taxtmi.com/circulars?id=55964 IGST on high sea sales of imported goods is levied only once at the time of importation when import declarations are first filed; value additions from each high sea sale are included in the value on which IGST is collected. The importer filing customs entry must produce the chain of documents (original invoice, high-seas-sale contract, service charges/commission details) to link initial and last transaction prices, and authorities may reject declared values and determine price under the Customs Valuation Rules when doubts arise. Circulars Customs Tue, 01 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=55964