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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 saving this tax which they otherwise have to pay if they would raise invoice to that state government for boiler turbine and generator
pl give a perfect exampled
Wiki User
∙ 12y ago
Wiki User
∙ 9y agoHigh Sea Sales (HSS) is a sale carried out by the consignee to another buyer while the goods are still on the "high seas." The agreement/contract has to be signed after the goods have left port and before they make land.
Wiki User
∙ 14y agoHigh Sea sales (HSS) is a sale carried out by the carrier document consignee to another buyer while the goods are yet on high seas or after their dispatch from the port/ airport of origin and before their arrival at the port / airport of destination.
Wiki User
∙ 11y agoSimilar to a car boot sale, but with ships.
Wiki User
∙ 14y agowhen you put the high seas term, this means that the product is already loaded on the ship. and the availability is already agrred upon.
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What is high seas sales how it benefits?
You save the local sales tax payable in India
What is the difference between sale in course of import and high sea sales?
High Sea Sales happen while the product is still on the high seas or on the way from one airport to another. Sales in course of transport is basically the same thing as high sea sales.
In high seas sales VAT is applicable?
The high seas are the seas or open salt water more than three miles from the coast of any country and most states claim territorial jurisdiction over the seas within three miles from their coast but beyond that three miles the high seas are said to be free and no value added tax is applicable and the English courts have jurisdiction to try any offences commited anywhere on the high seas in a British ship.
What is high seas sale Please describe this Hindi language?
High Sea sales (HSS) is a sale carried out by the carrier document consignee to another buyer while the goods are yet on high seas or after their dispatch from the port/ airport of origin and before their arrival at the port / airport of destination.
When did High Seas Havoc happen?
High Seas Havoc happened in 1993.
When did High Seas Trader happen?
High Seas Trader happened in 1994.
When was High Seas Trader created?
High Seas Trader was created in 1994.
When was Treachery on the High Seas created?
Treachery on the High Seas was created in 1936.
What is a robber on the high seas?
it means that a robber is on the high seas to kill people
What are the high-seas?
Oceans and seas, waters outside of national jurisdiction are also referred to as the High Seas or Mare liberum.
When was High Seas - film - created?
High Seas - film - was created in 1929-05.
What is the duration of Romance on the High Seas?
The duration of Romance on the High Seas is 1.65 hours.
