What are the measuring rods included in Transaction value of imported goods?

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What are the measuring rods included in Transaction value of imported goods?

 

 

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.

 

 

In this article, information about transaction value and its connection with Special Valuation Branch (SVB) is explained.

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Calculation of Transaction value by Customs department

 

 

The price of goods, any amount paid or payable for costs and services, including commissions and brokerage, engineering, design work, royalties and license fees, costs of transportation to the place of importation, insurance, loading, unloading and handling charges etc. are assessed by Customs Department to find transaction value of imported goods. Under  Special Valuation Branch, the department verifies the circumstances in which the buyer and the seller shall be deemed to be related, the manner of determination of value in respect of goods when there is no sale, or the buyer and the seller are related, or price is not the sole consideration for the sale or in any other case and the manner of acceptance or rejection of value declared by the importer or exporter, as the case may be, where the proper officer has reason to doubt the truth or accuracy of such value, and determination of value for the purposes of this section etc. are verified. As regular assessment of value of goods by customs on importation and exportation of goods, the rate of exchange is calculated on the date of which Bill of Entry (for imports) or Shipping Bill (for exports) is presented.

 

The above information explains about Transaction Value of goods by Indian Customs department. Do you wish to express your views about Transaction value and its connection to  Special Valuation Branch ?

Share below your thoughts about Special Valuation Branch.

 

The above information is a part of Import Export Training course online


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)    
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 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


manoj babu : I am fresher In 2015 batch passed out. What is import and export business? How to start this business ? How much of investment? Pls explain for this clarification...

addishakti fabrication works : we are manufacturing Material Handling Equipment from last 10 Years. Recently we got an order for the same through kenya, but we want to know that whether export goods should be imposed with tax (Vat-12.5%).

MR. AKBAR: As requested we are to offer any goods from Turkmenistan! We want to work with India. Can you ask me any goods from Turkmenistan. for example: chemical products, cotton ( cotton oil and fatty acids ) wheat, flour, etc

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