Documents required for registration for importation on the high seas To hide the invoiced value of the initial contract under high seas sales transactions Sales on the high seas are possible as part of air shipping Turnover tax is applicable to shipments sold on the high seas How to check the date of the contract for offshore sales transactions. This means that the contract for the purchase on the high seas must be dated before the arrival of goods at a territorial border of an importing country. What is the territorial border of a country? I wrote in this web blog a detailed article on “Meaning of imports and exports”, “territorial border”, etc. You can pass the same to get a clear idea The connosse note and other necessary procedures for the bill of lading must be concluded with the carrier before the arrival of the goods. Ownership of the goods is transferred to the buyer of offshore sales as soon as the confirmation notices are completed. Let me list the main document requirements on the high seas. 7 Important documents required for registration for importation on the high seas Turnover tax applies to shipments sold on the high seas Thus, hide the book value of the initial contract for offshore sales transactions The information provided here is part of the Export Import Training Online documentation procedures for sale on the high seas. What documents are required in case of sale on the high seas? I wrote a few articles about High Sea Sale in this web blog. You can also go through the same to get a clear idea of the documentary formalities under High Sea Sale – HSS. Documentation procedure for sale on the high seas. All documents must be mentioned as “bases of sale on the high seas”. The bill of lading, invoice, packaging list, etc., should be included in “offshore sales”.
The value of the invoice can be either the existing book value or the new sale value on the high seas, depends on the agreement between the buyer and seller of the sale on the high seas. If the seller does not wish to disclose the existing sales rate of the initial sales, he can issue a new invoice indicating the sale value on the high seas. Confirmation of collusion and other necessary procedures on the bill of lading must be completed with the carrier prior to the arrival of the goods. Ownership of the goods is transferred to the buyer of offshore sales as soon as the confirmation notices are completed. ]> You can click here to read more articles on high seas sales: A simple tutorial on the procedures and formalities of sale on the high seas in India Important documents that are required under sales on the high seas, How to hide the invoice value of the initial contract under high seas sales transactions, Can one sell on the high seas under air transport?, Can the sale on the high seas take place more than twice, turnover tax for shipments, Which are done on the high seas? How to check the date of the offshore sales transaction contract? Documentation procedure when selling on the high seas. . . .