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

Customs - 33/2017 - Dated:- 1-8-2017 - Circular No. 33/2017-Cus F.No.450/131/2017-CusIV Government of India Ministry of Finance Department of Revenue (Central Board of Excise and Customs) New Delhi, dated the 1st August, 2017 All Principal Chief Comm .....

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sioners/ Commissioners of Customs and Central Excise/GST. Sir /Madam, Subject: Reference has been received in the Board regarding clarity on Leviability of Integrated Goods and Services Tax (IGST) on High Sea Sales of imported goods. 2. The issue has .....

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larations i.e. Bill of Entry etc is filed by the person who buys the goods from the original importer during the said sale. In the past, CBEC has issued various instructions regarding high sea sales appropriating the contract price paid by the last h .....

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g 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 und .....

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sactions of imported goods, whether one or multiple, shall be levied and collected only at the time of importation i.e. when the import declarations are filed before the Customs authorities for the customs clearance purposes for the first time. Furth .....

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of Customs Tariff Act, 1975 inasmuch as in respect of imported goods, all duties, taxes, cessess etc shall be collected at the time of importation i.e. when the import declarations are filed before the customs authorities for the customs clearance p .....

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