Procedure for Renewal of SVB (Special Valuation Branch) order

 

 

 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

Special valuation branch

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.   
Questionnaire under Special Valuation Branch   
Method of customs valuation under Special Valuation Branch SVB   
Transaction value under Special Valuation Branch (SVB)      
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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Comments


Sumit: 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: 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: 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: 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.

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