https://www.taxtmi.com/article/detailed?id=10212 High sea sales occur when title to goods is transferred after dispatch from the foreign port or airport of origin but before clearance for home consumption; such transfers are treated as outside Indian territory and are not imports for GST purposes. The qualifying act is endorsement or transfer of documents of title before the goods cross the Customs frontiers of India. IGST on such goods is leviable and collected only at the time of importation when a Bill of Entry is filed and Customs duties are assessed, and value additions from HSS transactions form part of the taxable value at clearance. en-us Fri, 28 Jan 2022 12:09:08 +0530 Fri, 28 Jan 2022 12:09:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10212 High sea sales occur when title to goods is transferred after dispatch from the foreign port or airport of origin but before clearance for home consumption; such transfers are treated as outside Indian territory and are not imports for GST purposes. The qualifying act is endorsement or transfer of documents of title before the goods cross the Customs frontiers of India. IGST on such goods is leviable and collected only at the time of importation when a Bill of Entry is filed and Customs duties are assessed, and value additions from HSS transactions form part of the taxable value at clearance. Articles Goods and Services Tax - GST Fri, 28 Jan 2022 12:09:08 +0530 https://www.taxtmi.com/article/detailed?id=10212