Sale of goods affected after clearing from Customs was not a high sea sales

Commissioner of Customs Vs MMTC Limited (CESTAT Hyderabad) We find no evidence in this case to say that the transaction between M/s NTPC and the respondent is a high sea sales transaction. It is now well settled legal position that high sea sales are those sales which take place before the goods cross the Customs frontiers. Such sales can take place either while the goods are on high seas or in the Port or in the custom bonded warehouses before they are cleared by the Customs. Such transactions are not chargeable to VAT by the State Government or CST because they are deemed to be transactions ...