No TCS is Applicable on High Sea Sale !


This post became necessary due to question asked a premium subscriber . It is well known that under section 206C there are certain goods , sale of which require seller  to collect tax at the prescribed rate from the buyer. In case , a person does a high sea sale of items listed under section 206C , whether he is required to collect tax from the buyer. That is the question for this post.  In order to reach a conclusion , let us first refer the main provision i.e section 206C which is given for ready reference

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