Interactive Webinars on

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

On

15th November 2022

11:00 AM to 02.00 PM

On

15th November 2022

03:00 PM to 06.00 PM

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

Concept High Seas Sale, Import, Importers, Import duties, Assessable value, Assessment

Foreign Trade Policy and High Seas Sale

Customs and High Seas Sale

Procedure and Formalities

High Seas Sale Agreement- Dos and donts

High Seas Sale and Air Shipment

High Seas Sale v/s Pre meditated sale

Benefits under High Seas Sale Transaction

Miscellaneous

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

Concepts - Highlights Amendments

Features HS Code Amendment

What is Harmonized System of Nomenclature

Exim Code Structure of Customs Tariff

Tools for Classification

Classification of Services

Newly aligned HS Code w.e.f. 1st January, 2022

Compliance under FTP recently introduced by DGFT.

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

Courses 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.

How to Register:

Fees: Per person per session

Rs. 4500 /-

USD 91

Fees: Per person both sessions

Rs. 9000 /-

USD 181

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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