Suppose A imports products & B (Merchant) buys from A on high sea & sell it to C (mfg unit) now will B get refund of CVD & SAD ?? Is such purchase useful for C if we consider taxation as focol point ??
Please elaborate in details. Thanks
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High sea sale means transfer the ownership of import goods in transit, buyer have to pay all duties. refund is not allow in custom law in case of importing the goods.
SAD refund from customs will be applicable if the importer sales the imported item on CST. High sea sales are beneficial as the buyer can avoid state VAT in this case because importer is selling to buyer on high seas.