Method of customs valuation under Special Valuation Branch SVB

 

 

 Update on 06th February, 2016: Click here: svb procedures.pdf

 
 

Method of customs valuation under Special Valuation Branch SVB

 

This post is one of the series of posts explaining in detail about  Special Valuation Branch.  I have tried to include maximum information about Special Valuation Branch (SVB) in these articles in simple language. Hope, these articles suffice you to get complete information about  Special Valuation Branchof Indian Customs department.


This post explains about the methods and procedures of Special Valuation Branch. (SVB).

 


Indian Customs guides on determination of value of imported or export goods to India under Rule 3(3)(a) of the Customs Valuation (Determination of Value of Imported Goods) Rules, 2007 and   Rule 3(2) of the Customs Valuation (Determination of Value of Export Goods) Rules, 2007 .  Based on this rule, the value of imported goods is assessed at the time and place of importation.


What is Rule 3(3)(a) of Customs Valuation (Determination of Value of Imported Goods) Rules, 2007?

SPECIAL VALUATION BRANCH
(3) (a) Where the buyer and seller are related, the transaction value shall be accepted provided that the examination of the circumstances of the sale of the imported goods indicate that the relationship did not influence the price.


(b) In a sale between related persons, the transaction value shall be accepted, whenever the importer demonstrates that the declared value of the goods being valued, closely approximates to one of the following values ascertained at or about the same time.


(i) the transaction value of identical goods, or of similar goods, in sales to unrelated buyers in India;
(ii)      the deductive value for identical goods or similar goods;
  (iii)      the computed value for identical goods or similar goods:
   Provided that in applying the values used for comparison,      due account shall be taken of demonstrated difference in commercial levels, quantity levels, adjustments in accordance with the provisions of rule 10 and cost incurred by the seller in sales in which he and the buyer are not related;

 

This post is one of the series of posts explaining in detail about  Special Valuation Branch I have tried to include maximum information about Special Valuation Branch (SVB) in these articles in simple language.  Hope, these articles suffice your needs to get complete information about Special Valuation Branch of Indian Customs department.

 

 

The method of customs valuation under Special Valuation Branch (SVB) is given above.  Would you like to add more information about  Special Valuation Branch?

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Special Valuation Branch, A simple tutorial

How to register with SVB?   
List of Documents required to be submitted in case of subsidiaries,collaboration agreement etc.
List of documents required to be submitted in case of sole agents, sole distributer etc under SVB.   
Questionnaire under Special Valuation Branch   
Transaction value under Special Valuation Branch (SVB)   
Procedure for Renewal of SVB (Special Valuation Branch) order   
Criticism against Special Valuation Branch of Indian Customs   
Special Valuation Branch – Frequently Asked Questions   
Finalization of Special Valuation Branch (SVB) cases   
Customs procedures on Special Valuation Branch (SVB)   
Documents required to be submitted to SVB  
Not registered with SVB, What are the procedures?   
Who should register with SVB (Special Valuation Branch)   
Appeal on the orders of SVB    What is Section 14(1) of Indian Customs Act, 1962?   
Organizational Structure of Special Valuation Branch   
No EDD charges under SVB for EOUs/SEZs  
What is Rule 10 of Customs Valuation (Imports) explained?   
What is Rule 3(2) of the Customs Valuation (Determination of Value of Export Goods) Rules, 2007?   
What are the measuring rods included in Transaction value of imported goods?   
Rule 2(2) of the Customs Valuation (Determination of Value of Imported Goods) Rules, 2007   
Rule 2(1) of the Customs Valuation (Determination of Value of Export Goods) Rules, 2007   
Guidelines to Special Valuation Branch (SVB) as per Circular No. 11/2001-Cus., dated 23-2-2001 Indian Customs   
The format of PD Bond for Special Valuation Branch    
Circular No 50 dt 29th January 2009

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