Procedure for Renewal of SVB (Special Valuation Branch) order Posted on 06 April 2023 Category : SVB Update on 06th February, 2016: Click here: svb procedures.pdf Procedure for Renewal of SVB (Special Valuation Branch) order 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 procedure of renewal of Special Valuation Branch order Normally, the order issued by the SVB is in operation for a period of 3 years. The order by SVB is passed based on the replies/documents furnished by the importer. If there is any suppression of fact or wrong declaration on the part of importer, necessary penal action will be taken separately in accordance with the provisions of law. If the importer is having continuous imports over a period of time extending beyond 3 years, he has to file replies and documents at least 3 months before the completion of 3 years, so as to take up the renewal of the case. If there is no change in the terms and conditions of the agreement, or pattern of invoicing, the same shall be specifically stated by the importer in the form of an affidavit. On examining these documents, the SVB order issued in the past will be renewed for a further period of 3 years. If there are no imports from the related supplier beyond a period of 3 years, there is no need for renewal of the circular and the file will be closed in SVB. This post explains about the formalities for renewal of SVB order, Special Valuation Branch 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. Comment below your experience with Special Valuation Branch of Indian Customs department. You may share your thoughts about this article about renewal of Special Valuation Branch order. 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. 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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 Related posts about Export Import Free Online Training ; Methods to Import Nickel Procedure to import Headgear Tips to import Footwear and Gaiters trade What is Fumigation in Export and Import How to Import Aluminum Methods to Import Nickel Procedure to import Headgear Can export benefits be claimed with payment through insurance companies? Address of government offices for Special Economic Zone DGFT and its regional authorities with jurisdiction Specimen format of LUT for DGFT List of Towns of Export Excellence LC payment under Duty credit scrip and Export Obligation How to claim scrips from DGFT, if eBRC, EP copy of shipping bill lost? How to export your product? How to import your product? Click here to know HS code of your product 12 Major risks and solutions in Imports and Exports How to file bill of entry Manually. What is manual filing of Import Documents? How to file Bill of Entry on line? What is called Noting in bill of entry How to get exemption of Sales Tax under exports. Comments Sumit: On 13 January 2018 Sir, As per the customs new Circular No. 5/2016-Customs, now there is no need to renew the SVB order (if no change) as I have heard. I just want to know, do I still need to renew the SVB as my SVB has got expired in December 2017 ? Will SVB Dept issue any renwal letter or something similar document to keep the validity of current SVB ? Kindly assist. Shravan Gehlot: On 05 April 2018 Sir, As per the customs new Circular No. 5/2016-Customs, now there is no need to renew the SVB order (if no change) as I have heard. I just want to know, do I still need to renew the SVB as my SVB has got expired in December 2017 ? Will SVB Dept issue any renwal letter or something similar document to keep the validity of current SVB ? Kindly assist Ghanshyam: On 20 July 2018 Sir, my final SVB order was expired on 25th june,2018. I had submitted renewal application for same to SVB section on 20th June, 2018. Then please assist me to I need to File Bill of Entry to be Provisional and EDD will be applicable on my next shipment.??? chittibabu: On 11 October 2018 sir, as per the customs circular no:5/2016, renewal is not required. if that is the case, if our SVB is valid for 3 years as per initial order, how to respond? or is it required to go for renewal? please advice. vikas: On 25 February 2019 Respective sir, my SVB going to expire this July there is required any renewal? if yes than please share the format which i have to write for customs in order they will renew my SVB pls assist if any other things are require for SVB renewal my email id vikasprasadd36@gmail.com thank you in advance Janak Patel: On 15 October 2020 Respective Sir, My SVB going to expire this 30 March 2020 there is required any renewal ? SVB Order extended date...?