The insurance certificate is one of the seven most important documents the importing country needs for sales on the high seas. This insurance certificate also had to be duly validated by the seller of the high seas for the benefit of the deep sea buyer for the benefit of the deep sea buyer in the sales on the high seas. The turnover tax applies to shipments made on sales on the high seas 3. The HSS contract must be signed after the original goods are shipped and before they arrive at the destination. The agreement should be on stamp paper. The sale on the high seas (HSS) is a sale made by the actual recipient (i.e..dem, the recipient that ends in the car letter) to another buyer, while the goods are still on the high seas or after their shipment from the loading port (POL) and before their arrival at the unloading port (POD). The HSS contract/contract should be signed after the goods have been shipped from the beginning and before they arrive at their destination. The agreement should be on stamp paper. The word “sea,” which appears in HSS, should not be taken literally. As long as the sale is formalized after the original port is shipped and before the first port of unloading to destination arrives, this sale is considered HSS. 10. HSS is considered a sale outside the territorial jurisdiction of India. As a result, HSS does not collect a revenue tax.
Customs documents (B/E) are either filed on behalf of the buyer of HSS, or this B/E has an indication indicating the name of the buyer of HSS. 1. The sale on the high seas (HSS) is a sale made by the recipient of the carrier to another buyer, while the goods are still on the high seas or after their shipment from the port/origin airport and before they arrive at the port/arrival airport. Sale on the high seas is the sale of imported goods before crossing the customs area. the tansfer of the goods by the agreement reached in India and the buyer must pay the cstoms tax A recipient copy of the car letter must be attached to the sale on the high seas with other import documents. As the bill of lading is a document of the title, such a copy of the bill of lading must be approved in favour of the purchaser of the high seas by the transfer of the right of the goods to the latter. High-seas sale transaction means sale transaction that takes place when the goods were actually on the high seas, that is, during the sea transit between the loading port and the unloading port. The date of the transaction (agreement) must be between the date of the bill of lading and the date of arrival of the ship in the unloading port. High Sea Sale is mainly done by traders who buy in large quantities and then look for buyers in the destination country. The benefits of HSST are like (1) Products are available in a short time for end customers, (2) Small quantities can also be purchased for end customers instead of buying an entire shipment and (3) The first buyer can buy a large quantity of goods at a reasonable price and at a reasonable price and a sale at the best price to end customers. The drawbacks of HSST are like (1) documentation/cumbersome procedure and (2) loading prices for customs assessment.
The certificate of origin of goods is another document necessary for the importation of customs procedures and formalities in the context of the sale on the high seas. Such a certificate origin also requires certification by deep sea sellers for the benefit of deep sea buyers under High Sea Sales. in India, we can also do as its transfer of transit sales documents. Suppose in chennai the order to the seller at Bangalore and the chennai buyer want to resell as it is Let me list the most important requirements of documents under sale on the high seas.