MDP on Sale on High Sea – Policy and Procedure – 7th Dec, New Delhi – IIFT Latest News
IIFT Admissions 2019
Programme Details and Objectives
ABOUT THE PROGRAM:
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. As defined in Central Sales Tax Act 1956. Section 5 (2), a sale or purchase of goods shall be deemed to take place in the course of import of the goods into the territory of India only if the sale or purchase either occasion such import or is effected by a transfer of documents of title to the goods before the goods have crossed the customs frontiers of India.
The program is designed to develop an integrated approach among participants from Industry especially from firms involved in international business or planning to foray into international business. Program suits the requirements of manufacturing firms/ services sector firms and trading forms both from public and private sector. Program aims to develop an integrated understanding of process of sale on high sea and policy and procedure therein.