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

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..... lic Notice No. 44/2017 Subject: Leviability of Integrated Goods and Service Tax (IGST) on High Sea Sales of imported goods and point of collection thereof -reg. Attention of the Trade is invited to Board s Circular No. 33/2017- Customs issued vide F. No. 450/131/2017-Cus-IV dated 01.08.2017. 2. The issue has been examined in the Board High Sea Sales is a common trade practice whereby .....

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..... i.e. at the time of Customs clearance under sub - section (7) of section 3 of Customs Tarff Act, 1975 and also separately under section 5 of the Integrated Goods and Service tax Act, 2017. 4. GST council has deliberated the levy of Integrated Goods and Service Tax . on high sea sales in the case of imported goods. The council has decided that IGST on high sea sale (5) transactions of imported g .....

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..... e required to furnish the entire chain documents, such as original - Invoice, high - seas- sales contract, details of service charges/ commission paid etc, to establish a link between the first contracted price of the goods and the last transaction. In case of a doubt regarding the truth or accuracy of the declared value, the department may reject the declared transaction value and determina .....

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