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

Leviability of Integrated Goods and Services Tax (IGST) on High Sea Sales of imported goods and point of collection thereof https://www.taxtmi.com/circulars?id=60448 IGST on high sea sale transactions of imported goods is to be levied and collected only at the time import declarations are first filed for customs clearance, with value additions from each high sea sale included in the value on which IGST is collected. The importer of record must furnish the full chain of documents linking initial and final prices, and Customs may reject declared transaction value and determine value under Customs Valuation rules if accuracy is doubtful. en-us Thu, 10 Aug 2017 00:00:00 +0530 Mon, 01 Apr 2019 15:43:00 +0530 TaxTMI RSS Generator Leviability of Integrated Goods and Services Tax (IGST) on High Sea Sales of imported goods and point of collection thereof https://www.taxtmi.com/circulars?id=60448 IGST on high sea sale transactions of imported goods is to be levied and collected only at the time import declarations are first filed for customs clearance, with value additions from each high sea sale included in the value on which IGST is collected. The importer of record must furnish the full chain of documents linking initial and final prices, and Customs may reject declared transaction value and determine value under Customs Valuation rules if accuracy is doubtful. Circulars Customs Thu, 10 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=60448