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

Subject: Leviability of Integrated Goods and Service Tax (IGST) on High Sea Sales of imported goods and point of collection thereof -reg. https://www.taxtmi.com/circulars?id=56074 IGST on high sea sale transactions of imported goods shall be levied and collected only at the time of importation when the import declaration is filed for the first customs clearance, with value additions from each high sea sale forming part of the value on which IGST is collected. The importer clearing the goods must furnish full chain documents (original invoices, high sea sale contracts, service/commission details) to link the initial contracted price to the declared import value, and the department may reject declared value and determine customs value under Customs Valuation rules if doubts arise. en-us Thu, 10 Aug 2017 00:00:00 +0530 Wed, 30 Aug 2017 16:47:00 +0530 TaxTMI RSS Generator Subject: Leviability of Integrated Goods and Service Tax (IGST) on High Sea Sales of imported goods and point of collection thereof -reg. https://www.taxtmi.com/circulars?id=56074 IGST on high sea sale transactions of imported goods shall be levied and collected only at the time of importation when the import declaration is filed for the first customs clearance, with value additions from each high sea sale forming part of the value on which IGST is collected. The importer clearing the goods must furnish full chain documents (original invoices, high sea sale contracts, service/commission details) to link the initial contracted price to the declared import value, and the department may reject declared value and determine customs value under Customs Valuation rules if doubts arise. Circulars Customs Thu, 10 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=56074