Update on 06th February, 2016
How to register with SVB?
Processing Method of 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 Branch of Indian Customs department.
This post explains about the procedures and formalities of processing Special Valuation Branch (SVB) cases.
All those importers who are having relationship with the suppliers or those who are having Technical Collaboration, etc., shall furnish a declaration about the relationship in the WTO declaration form at the time of filing of Bill of Entry in the Appraising Group. On examination of the circumstances of sale and the invoice value of identical or similar goods, the group will make a reference to Special Valuation Branch for further investigation of influence of relationship on assessable value. If the importer is able to furnish evidence of the transaction value of identical or similar goods in respect of sales to unrelated buyers in India at the same price, then there is no need for any reference to Special Valuation Branch and the Bill of Entry will be assessed finally based on those contemporaneous import values. If there are no contemporaneous imports, and there is no way to compare the values at the time of assessment of the Bill of Entry, then a reference is made to Special Valuation Branch. This reference is to be done with the prior approval of the Commissioner of Customs. If the importer can substantiate with documentary evidence that his invoice price is not influenced because of the relationship, there is no need for any reference to Special Valuation Branch.
No application or representation to the Special Valuation Branch directly by the importers will be considered. All references shall be made through the Appraising Groups at the time of filing of the Bill of Entry.
This post is one of the series of posts explaining in detail about Special Valuation Branch (SVB). 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 above post explains about the procedures and formalities of processing Special Valuation Branch cases.
You may share your views aboutSpecial Valuation Branch below.
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