https://www.taxtmi.com/forum/issue?id=119445 High Sea Sale transactions in non ferrous metals require prior NFMIMS registration from DGFT by the importer and declaration of the actual High Sea Sale price as the customs transaction value. The customs value must include the High Sea Sale price plus freight, insurance and incidental charges; the buyer filing the bill of entry must produce the HSS invoice, bill of lading, sales agreements and NFMIMS registration number. If invoices are in domestic currency but registration requests foreign currency, the importer may enter a foreign currency equivalent or seek customs guidance, and registration should reflect the entity clearing the goods. en-us Fri, 06 Dec 2024 13:58:26 +0530 Fri, 24 Jan 2025 10:40:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119445 High Sea Sale transactions in non ferrous metals require prior NFMIMS registration from DGFT by the importer and declaration of the actual High Sea Sale price as the customs transaction value. The customs value must include the High Sea Sale price plus freight, insurance and incidental charges; the buyer filing the bill of entry must produce the HSS invoice, bill of lading, sales agreements and NFMIMS registration number. If invoices are in domestic currency but registration requests foreign currency, the importer may enter a foreign currency equivalent or seek customs guidance, and registration should reflect the entity clearing the goods. Discussion-Forum Customs Fri, 06 Dec 2024 13:58:26 +0530 https://www.taxtmi.com/forum/issue?id=119445