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 Forums Index>> International Trade - Basics >> High Seas Sale
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Author
The Mentors-dinbag18

Mr. Dinesh B. G.
Proprietor
The Mentors
Mumbai, India
Free Member
Joined :06/22/2009
No of Topics Posted : 1
Reply/Comments : 2
TOPIC : High Seas Sale

Dear friends,

What is High Seas Sale? How does it work ? What is the tax structure & implications.

Can anyone enlighten me on this?

Thanks


Author
Posted on 08 July 2009 at 05:23:00 [Message #2242 ]
Gulf Commercial (p) Ltd.-autouser_2288115

Mr. Arun Gupta
Consultants
Gulf Commercial (p) Ltd.
Kolkata, India
Free Member
Joined :05/21/2009
No of Topics Posted : 0
Reply/Comments : 2
Re: High Seas Sale

High sea sales is effected by exchange of documents at a point beyond the territorial waters to avoid custom duties.


 

Author
Posted on 10 July 2009 at 06:08:00 [Message #2249 ]
Cartiff  Ceramics Co.,Ltd-Melinda_Cartiff

Ms. Melinda
Sale Director
Cartiff Ceramics Co.,Ltd
Chaozhou, China
Free Member
Joined :06/30/2009
No of Topics Posted : 0
Reply/Comments : 1
Re: High Seas Sale

Hi Friend,

Today I find two pieces information for your reference.

1. high sea sales is a sale made, of a consignment, while its in sea only suppose a power plant construction co. imports boiler turbine and generator from china to construct a power plant in India for his client let us say any state government.

now this co. have to ultimately sell these equipments to his client and for it it has to pay service tax to save this tax of about 12% high sea sale is made i.e power plant construction co. sells these equipments when they are in sea only to state government ending up saying this tax which they otherwise have to pay if they would raise invoice to that state government for boiler turbine and generator .

2.In short High Sea sale is when the cargo is already loaded on a ship and sailing on the high seas (international waters, under no jurisdiction) without actually being sold to the final buyer yet. Seller is looking for a buyer, while shipment is on the way. Once the cargo is sold, the captain of the vessel is notified to change course and deliver it to the new buyer's port. Usually the ship is sailing in a certain direction (example: from Brazil to Middle East). Seller is looking for buyers in destination area (which in this example can be any Middle Eastern country, India, Pakistan, etc..)


 

Author
Posted on 13 July 2009 at 12:49:00 [Message #2258 ]
The Mentors-dinbag18

Mr. Dinesh B. G.
Proprietor
The Mentors
Mumbai, India
Free Member
Joined :06/22/2009
No of Topics Posted : 1
Reply/Comments : 2
Re: High Seas Sale

thanks Melinda for the info. Really appreciate it.

Regards,
Dinesh


 

Author
Posted on 13 July 2009 at 12:51:00 [Message #2259 is a comment on message #2242 ]
The Mentors-dinbag18

Mr. Dinesh B. G.
Proprietor
The Mentors
Mumbai, India
Free Member
Joined :06/22/2009
No of Topics Posted : 1
Reply/Comments : 2
Re: Re: High Seas Sale

Dear Mr.Gupta,

If the consignment is sold to an Indian company, then Customs' Duties have to be paid. Is VAT applicable on such trade.


 

Author
Posted on 13 August 2009 at 13:01:00 [Message #2363 ]
China Arts Intertrans Guangdong Co., Ltd.-autouser_2433308

Mr. Roger Chan
China Arts Intertrans Guangdong Co., Ltd.
Guangzhou, China
Free Member
Joined :08/13/2009
No of Topics Posted : 1
Reply/Comments : 3
Re: High Seas Sale

i am freight agent in China ,may be i can help u .
Regards,


 

 

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