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Interactive Webinars on |
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High Sea Sales & Imports - Procedure and Formalities |
Exporters – Importers Know about HSN Code Classification under GST & FTP Avoid Problems Customs Notifications have been Issued to align with HS – 2022 w.e.f. 1-1-2022 |
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On 15th November 2022 11:00 AM to 02.00 PM |
On 15th November 2022 03:00 PM to 06.00 PM |
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Rationale: “High Sea Sales” as a concept is peculiar to India. The importers and local buyers very often undertake this transaction without understanding of nuances involved. Since India is a massive market for imported goods, complete understanding of High Seas Sale, its process and legal implications will help all concerned parties to minimize the losses and expand their business.
Objective: The objective of this webinar is to acquaint the participants with concept of High Seas sale, documentation and procedure, compliances, Rules involved w.r.t Foreign Trade Policy, Customs, and other applicable Laws.
For Whom: The program would be of use and interest to all Importers, Indenting Agents, Dealers in imported goods as well as user industrial segment, besides Financial and Commercial Mangers involved with import function. Contents ü Concept – High Seas Sale, Import, Importers, Import duties, Assessable value, Assessment ü Foreign Trade Policy and High Seas Sale ü Customs and High Seas Sale ü Procedure and Formalities ü High Seas Sale Agreement- Do’s and don’ts ü High Seas Sale and Air Shipment ü High Seas Sale v/s Pre – meditated sale ü Benefits under High Seas Sale Transaction ü Miscellaneous ü Question Answer |
Rationale: As we are aware in India 8-digit HS Code is observed as per Ministry of Commerce Direction. The applicable HS Codes are contained under Hand Book of Procedure Volume - 3, Part - A, 2015-20 as amended. It is observed that due to lack of knowledge Importers & exporters on Bill of Entry or Shipping Bill indicate HS Code under Generic Heading - others. The Ministry of Commerce & DGFT have taken a very stringent view of this situation and have recently come out with a Trade Notice. The classification of goods under FTP/ GST, is HSN based and has certain patterns and methods for classifying different commodities to be supplied and covered under CGST / IGST / UTGST / SGST Act, 2017. F.T.D. & R. Act,1992. Objective: The objective of this webinar is to acquaint the participants with nuances involved in HSN classification of goods and services with a view to avoid legal issues subsequently and seek refunds promptly, in the context of recent DGFT compliance based on recently announce Trade Notice. For Whom: The program would be of use and interest to all those who are part of trading, Industry, professionals and International Business community. Contents Ü Concepts - Highlights – Amendments Ü Features – HS Code Amendment Ü What is Harmonized System of Nomenclature Ü Exim Code – Structure of Customs Tariff Ü Tools for Classification Ü Classification of Services Ü Newly aligned HS Code w.e.f. 1st January, 2022 Ü Compliance under FTP recently introduced by DGFT. Ü Exports to Countries under FTA / PTA – Impact of HS Code (wrt CEPA – U.A.E. – Australia) Special Feature – Highlights on newly announced Customs Notifications on HSN Code effective 1st January, 2022 |
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Course’s time structure: Pre-requisites You should have good internet connection and good quality headphone/speaker set with Laptop / Desktop. You should have notepad/pen to note down important points. |
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How to Register:
18% GST is applicable > Mode of Payment: NEFT /Paytm / Credit Card/ GPAY > Fees include certificate of participation & Course Material. *Terms & Conditions apply
Best regards For GFORD Institute of Management Pvt Ltd Piyush Verma Email: gfordseminar@outlook.com Mob. : 9711114779 / 9315556407 For Query and nominations – 9540012349 only Whatsapp
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