TMI BlogGoods to be Imported under Bill to Ship ConceptX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, One my Supplier X who is in Singapore wants to Send the Goods to India under Bill to Ship concept, i.e They want to Bill to a party in Chennai Say Y and ship it to Delhi Say Z . Whether this type of transactions is allowed as per GST and Custom act. - Reply By Shilpi Jain - The Reply = The tax implications have to be seen based on the business scenarios and not the other way arou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd. These kind of transactions can be done if genuine. Assuming that party Y will also raise an invoice to Z for the transaction between them. - Reply By Alkesh Jani - The Reply = Shri, I am of the view that this kind of transaction is not available under the Customs Law, as Bill to Ship to concept is under GST Law. The High Seas sale is available under Customs Law. For Bill to Ship to Transa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ction one need to clear the goods i.e. to cross the customs frontier. In simple language, all the goods lying in the Customs area, the owner of the goods is Government of India and when you file a Bill of Entry, you claim the ownership of the goods i.e. with relevant documents such as Invoice or agreement for high seas sale etc. and than goods are release on payment of duty. Thanks - Reply By r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... aghunandhaanan rvi - The Reply = Sir, I do agree with the views of Shri. Alkesh Jani. . The original importer either to sell goods under High Sea Sale or make inbond transfer under Section 59(3) of the CA 62 . In both case the last buyer has to file the home consumption bill of entry and clear the goods on payment of duty. - Reply By Shilpi Jain - The Reply = When it is billed to Y - the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... title documents to the goods would be with Y and he would be required to clear the goods by filing bill of entry. If you would require Z to clear, as stated by the other experts, what I meant in my earlier reply was invoice to be issued by Y to Z, would mean a sale to be made by Y to Z and thereby Z can clear the goods by filing BoE. - Reply By Santhosha Naik - The Reply = Dear Sir, I have on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e query, One of my Supplier A who is in China wants to Send the Goods to India under Bill to Ship from concept, from B is in China. i.e they wants to send the goods directly from B . And B ship it to C is in India along with bill to ship from basis for invoice amount of $120. A send bill to C for $260. and customs duty paid only on $120 Whether this type of transactions is allowed ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as per GST and Custom act. and for which amount C has to pay Please reply sir Thank u - Goods to be Imported under Bill to Ship Concept - Query Started By: - Subhajeet Banerjee Dated:- 28-1-2023 Last Replied Date:- 12-10-2023 Goods and Services Tax - GST - Got 5 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanage ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mentindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
