4/3/2015 7MajorDocumentsrequiredforimportclearanceunderhighseasale

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7MajorDocumentsrequiredforimportclearanceunderhighseasale

Wednesday,March25,2015Category:ForBeginners
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7 Major Documents required for import clearance under high sea 4,785peoplelikeHOWtoExportImport.com.
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Let me list out major requirements of documents under high sea sale.

High Sea Sale Agreement

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A High Sea Sale Agreement entered between high sea buyer and high sea sellerbefore arriving cargo at

territorial jurisdiction of importing country. Means, the high sea sale agreement must be dated before arrival
of goods at a territorial border of an importing country. What is Territorial Border of a country? I have written
a detailed article in this web blog about on this subject about meaning of imports and exports, territorial
border etc. You can go through the same to have a clear idea

Sale Invoice/ Commercial Invoice.

Commercial invoice / Sale invoice is another document required for import
customs clearance procedures under High Sea Sale business. Such
commercial invoice under high sea sale must be in local currency of
importing country, and not in foreign currency. The details of goods sold
with rate and total invoice value is mentioned in such commercial invoice
under High Sea Sale.

Consignee Copy of Bill of Lading

A consignee copy of Bill of Lading has to be enclosed along with other
importing documents under High Sea Sale. As bill of lading is a document of Title, such bill of lading copy has
to be endorsed in favor of high sea buyer by transferring title of goods to him.

Import Invoice
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Another required document for import customs clearance at importing country is Import Invoice. You may get
Foreign Trade Policy of India 20152020
confused with Import Invoice and Sale Invoice. Import Invoice under High Sea Sale means, the invoice
EPCG under Foreign Trade Policy 201520

Duty Free Import Authorization Scheme, DFIA

Originally issued by first seller under High Sea Sale. As I have explained in my other articles in same website,
under Foreign Trade Policy 201520
High Sea Sale transaction could be effected more than two times. So, the import invoice issued by first seller
Importer Exporter Code, eIEC as per FTP 201520
to first buyer is needed as one of the requirements of documents under High Sea Sale. Kindly note, this

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4/3/2015 7MajorDocumentsrequiredforimportclearanceunderhighseasale

import invoice must be endorsed by high sea seller in favor of high sea buyer. Service Exports from India Scheme SEIS under
FTP 201520
Import Packing List MEIS, Merchandise Exports from India Scheme
under FTP 201520
Import Packing List is another document required for import customs clearance under High Sea Sale. Import DUTY FREE IMPORT AUTHORISATION SCHEME
packing list is the packing list originally issued by first seller. Such packing list needs to be endorsed by high DFIA under FTP 201520

sea seller in favor of High Sea buyer. Advance Authorisation under Foreign Trade Policy

201520

Certificate of Origin Schemes under Foreign Trade Policy 201520

Foreign Trade Policy 201520, Facility of payment

of custom duties
Certificate of Origin of goods is another document required for import customs clearance procedures and
formalities under High Sea Sale. Such Certificate origin also required to be endorsed by high sea seller in favor
of High sea buyer under High Sea Sales.

Insurance Certificate

The insurance certificate is one of the 7 major documents required by importing country under high sea sales.
This insurance certificate also required to be duly endorsed by high sea seller in favor of High Sea Buyer in
favor of High Sea Buyer under High Sea Sales.

You may click here to read other articles about High Sea Sales :A simple tutorial on high sea sale procedures
and formalities in India How to hide invoice value of original contract under high sea sale transactions,
Can high sea sales possible under air shipment?, Can high sea sale be effected more than two times?, Is
sales tax applicable on shipments effected under high sea sales? How to check the time of contract on high
sea sale transaction? Documentation procedures on high sea sale. Yes, I am sure, once after going through
that articles you will have a good knowledge about High Sea Sales under International business.

I hope, I could explain about major documents required for import customs clearance procedures at
importing country under High Sea Sales.

Would you like to share your experience to add up this subjects about documents required under High Sea
Sales at importing country to complete import customs clearance procedures and formalities?

Write below your thoughts about the documentation requirements under High Sea Sales at importing country for
customs clearance procedures and formalities.
ExportDocuments ImportAgent PackingList FreeInvoiceForm

Other post about import export cauching

A simple tutorial on high sea sale procedures and formalities in India

How to hide invoice value of original contract under high sea sale transactions
Can high sea sales possible under air shipment
Is sales tax applicable on shipments effected under high sea sales
How to check the time of contract on high sea sale transaction.
Documentation procedures on high sea sale.
Can high sea sale effect more than two times.
How IGM is filed under high sea sale
Excise and Customs Click here to read complete notification under Budget 2014
How to get Export Orders?
How to settle dispute in Exports and Imports?
Click here to know India Trade ClassificationITC
Click here to know HS code of other product/commodity
Pre shipment bank finance to suppliers for exports through other agencies

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4/3/2015 7MajorDocumentsrequiredforimportclearanceunderhighseasale

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Comments

whatotherdocumentsrequire?Says:
Wednesday,May01,2013
somemoredocumentsrequirelikesoldletter,buylettter&bond

adminSays:
Wednesday,May08,2013
Dependstheproductsimporting

SebastianSays:
Saturday,August24,2013
I'sverymuchusefulfornewenterpriners

burhanSays:
Thursday,December05,2013
Isoctroiapplicableunderhighseasale

TarsemVermaSays:
Tuesday,January21,2014
IthinkthehighseassaleagreementshouldalsobesignedbytheLCopeningbanksothatpaymentoflcbillintotheaccountofhigh
seasseller(theoriginalimporterandlcopener)couldbeensuredandanyfoulplaycouldbeavoided.Proofofsuchapaymentfrom
thebankeroforiginalimportershouldbedemandedbythecustomsbeforeclearanceoftheconsignment.

vinaybamaniyaSays:
Saturday,May31,2014
consigneeauthorityletter

KMSugumarSays:
Thursday,June12,2014
Letmeknowtheprocedure&doucmentsrequiredfordiplomaticcarhighseasale

AmitSharmaSays:
Saturday,November29,2014
wecanonlymentiononHighSeaSaleInvoice,commercialinvoice&SaleInvoiceinstructedbysomeappraisertodonotmention,
andonthesameHSSinvoicethereshouldnotbeanydeliveryaddress.

NITINJAINSays:
Wednesday,February11,2015
asiamnewtoimportihavejustimportedanmachinethroughairfrieghtnowiwanttoimportanothermachineformyclientandhow
canidohighseasaletransactionasmyclientisnothavingIECCODEisitnecessaryforhighseabuyertohaveIEC.

AdminSays:
Wednesday,February11,2015
HiNitinJain,Consultaprofessionaltoknowmoreabouthighseasales

NAVONEETASays:
Sunday,March08,2015
Inbank,canweopendomesticletterofcreditonthebasisofhighseasaleagreementandinvoiceinINR?

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