In this article, we will discuss how the GST tax regime affects high sea sales and what are the GST rates for such supplies.
What are High Sea Sales?
High sea sales are the supplies that are performed when the affected goods are still on the high seas and have not reached the port yet. These transactions generally take place even before the bill of entry is filed. The importer in such transactions sales the goods to a third-party even before the consignment goes for customs clearance. These are treated as inter-state supplies under the GST regime.
