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Reduction of indirect taxes for an Indian EPC contractor

Engagement: SKP was engaged by a leading Indian EPC contractor to structure the business transaction to optimise indirect taxes on offshore procurement of goods.

Solution
After evaluating the client’s transactions, our tax team suggested the option of High Seas Sale and Sale in Course of Import.

Value Delivered
Direct imports by the client resulted in mitigating their indirect taxes and no Value Added Tax was levied on the High Seas Sale. As a result, there was an overall reduction in the total indirect tax cost of the transaction.