Posts Tagged ‘High Sea’

Endorsing of bill of lading is only one of the ways for transfering title o...

Posted On January 9th, 2023

Note – Endorsement of Bill of lading is not the only way of transfer of title and it can also be done by handing over the Bill of Lading to […]

GST Council Recommendations - 48th Council Meeting

Posted On December 18th, 2022

The 48th GST Council met under the Chairmanship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman via virtual mode in New Delhi today. The meeting was also […]

Separate levy on transport services in a composite supply of goods and serv...

Posted On May 23rd, 2022

Note – The provisions of composite supply in the CGST Act (and the IGST Act) play a specific role in the levy of GST. The idea of introducing ‘composite supply’ […]

Where name on bill of entry and IGM is of the transferor as importer and no...

Posted On January 15th, 2021

Note – The supplier abroad (party number 1) sold the goods in question i.e. timber, to the first buyer (party number 2) and delivered them at the port of shipment. […]

Where imports assessed based on international prevailing prices at the time...

Posted On June 15th, 2020

Note – The original contract of purchase by appellant from M/s MCNLLC, USA was made at 17 December, 2007 and the said consignment was sold on high sea sale basis […]

Where deductive value is available based on data provided by importer same ...

Posted On June 4th, 2020

Note – The appellant imports lighting control systems (products) from their parent company, “related party”, M/s Lutron Electronics Co., Inc. USA (Lutron US for short). Some products are imported both […]

Agency charges paid by Govt of India to canalising agents for import of ure...

Posted On April 16th, 2020

Note – While there was scope for addition of notional charges in the assessable value under the unamended section 14 of the Customs Act, but after the actual sale price […]

Foreign going vessel status cannot be denied just because ship was berthed ...

Posted On April 7th, 2020

Note – The status of any foreign going vessel does not change for the reason that it has had one or two incursions or engagements in the territorial waters of […]

Levy of IGST on Ocean freight in case of CIF contracts on importer in India...

Posted On January 24th, 2020

Note – No tax is leviable under the Integrated Goods and Services Tax Act, 2007, on the ocean freight for the services provided by a person located in a non-taxable […]

Testing of imported goods to be done on all relevant parameters and conclus...

Posted On December 31st, 2019

Note – The importer’s conclusion as to imported goods being “coking coal” is based on the Invoices, bills of Lading, the certificate of origin and the Analysis certificate done as […]

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