In the coming Goods and Services Tax (GST) regime, imported goods attract Integrated GST (IGST) instead of the present additional customs duty (CVD and SAD).
There are different views regarding levy of IGST on high seas sale, when the ownership in goods is transferred by the original importer to another party while the goods are in transit.
Section 2(10) of the IGST Act says ‘‘import of goods” with its grammatical variations and cognate expressions means bringing goods into India from a place outside
India. The proviso to Section 5(1) of this Act says IGST on goods imported shall be levied and collected in
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