Rule 2(2) of the Customs Valuation (Determination of Value of Imported Goods) Rules, 2007

 

 

 

Rule 2(2) of the Customs Valuation (Determination of Value of Imported Goods) Rules, 2007

 

 

Rule 2(2) of the Customs Valuation (Determination of Value of Imported Goods) Rules, 2007 explains as below:

 

Rule 2 (2)    For the purpose of these rules, persons shall be deemed to be "related" only if -

 

(i)     they are officers or directors of one another's businesses;

 

(ii)    they are legally recognised partners in business;

 

(iii)    they are employer and employee;

ghjg

(iv) any person directly or indirectly owns, controls or holds five per cent or more of the outstanding voting stock or shares of both of them;

 

(v)    one of them directly or indirectly controls the other;

 

(vi)                   both of them are directly or indirectly controlled by a third person;

 

(vii)       together they directly or indirectly control a third person; or

 

(viii)       they are members of the same family.

 

 

Explanation I. - The term "person" also includes legal persons.

 

Explanation II. - Persons who are associated in the business of one another in that one is the sole agent or sole distributor or sole concessionaire, howsoever described, of the other shall be deemed to be related for the purpose of these rules, if they fall within the criteria of this sub-rule.

 

 

Rule 2(2) of the Customs Valuation (Determination of Value of Imported Goods) Rules, 2007 .

 

Share your views about Rule 2(2) of the Customs Valuation (Determination of Value of Imported Goods) Rules, 2007

 

 

Special Valuation Branch

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   
Method of customs valuation under Special Valuation Branch SVB   
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(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

Related posts about Export Import Free Online Training ;

 

Difference between standard dry container and Open Top Container
How to import Prepared vegetables, Prepared fruits, Prepared nuts
Guidelines to importers of Prepared Cereals, Prepared Flour, Prepared starch and Prepared Milk

Spices Board

SHEFEXIL,Shellac and Forest Products Export Promotion Council

SEPC,Services Export Promotion Council

Rubber Board

 

How to get non preferential Certificate of Origin, state wise
Types of export containers
SEIS scheme for exporters in India

How does Letter of Credit work?

The role of Reserve Bank of India
The Role of the International Chamber of Commerce (ICC)
Negotiation procedures and formalities of export bills
Non receipt of Cargo Arrival Notice, Can importer sue against shipping company
OBJECTIVES OF CUSTOMS CONTROL for EXPORT GOODS

OBL not released OBL not surrendered no telex release

Payment procedures in Triangular exports


Comments


manoj: give me details of fill up the questionnaire

Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers