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

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....LIC NOTICE NO. 31 /2017 Subject: Leviability of Integrated Goods and Services Tax (IGST) on High Sea Sales of imported goods and point of collection thereof-reg. Attention of the Importers, Exporters, Customs Brokers and the members of Trade is invited to the Board's Circular No. 33/2017 - Cus dated 01.08.2017 on the above subject. It is noticed that operational problems are being faced on levi....

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....ed goods are akin to inter-state transactions. Owing to this, it was presented to the Board as to whether the high sea sales of imported goods would be chargeable to IGST twice i.e. at the time of Customs clearance under sub-section (7) of Section 3 of Customs Tariff Act, 1975 and also separately under Section 5 of the Integrated Goods and Services Tax Act, 2017. 4. GST council has deliberated th....

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.... i.e. when the import declarations are filed before the customs authorities for the customs clearance purposes. The importer (last buyer in the chain) would be required to furnish the entire chain of documents, such as original Invoice, Highseas- sales-contract, details of service charges/commission paid etc, to establish a link between the first contracted price of the goods and the last transact....