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

Subject: 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=56163 IGST on high sea sales of imported goods is collectable only at the time of importation when import declarations are filed; value additions from each high sea sale form part of the value on which IGST is assessed. The importer clearing the goods must furnish the complete chain of documents-original invoice, high sea sale contract, and service/commission details-to support the declared value, and Customs may reject the declared value and determine valuation under the Customs Valuation Rules if doubts arise. en-us Tue, 29 Aug 2017 00:00:00 +0530 Mon, 25 Sep 2017 11:34:00 +0530 TaxTMI RSS Generator Subject: 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=56163 IGST on high sea sales of imported goods is collectable only at the time of importation when import declarations are filed; value additions from each high sea sale form part of the value on which IGST is assessed. The importer clearing the goods must furnish the complete chain of documents-original invoice, high sea sale contract, and service/commission details-to support the declared value, and Customs may reject the declared value and determine valuation under the Customs Valuation Rules if doubts arise. Circulars Customs Tue, 29 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=56163