Customs Advisory & Compliance Services
Customs Valuation
Special Valuation Branch (SVB) is a specialized wing of the Indian Customs and has branches at Delhi, Mumbai, Calcutta, Chennai and Bangalore. SVB mainly deals in certain specified cases pertaining to import valuation. Cases handled by SVB mainly relate to
- Valuation of imports from foreign related parties
- Valuation of imports requiring additions on account of royalty and license fee payments
- Receipt of subsequent sale proceeds accrue to the foreign seller, etc
- Understanding the transaction between Company and the related party by review of necessary documents and suggesting suitable way forward
- Assisting in complexities in relation to pricing, valuation, royalty, etc
- Assistance in preparing written submissions to be filed with SVB authorities (Annexure A) at the time of filing first Bill of Entry
- Assistance in preparing written submissions to be filed with SVB authorities (Annexure B) within sixty days from reference of the case to SVB cell
- Assist in drafting written submissions to be submitted before the SVB authorities to demonstrate that the relationship between the client and their related entity suppliers has not influenced the price of the imported goods covered under the SVB investigation
- Assist in representations before the SVB authorities at the personal hearings granted for explaining the facts of the case and the positions adopted and explaining how the relationship between the importer and their related entity suppliers has not influenced the price of the imported goods
- Understand the queries raised by SVB Authorities, assistance in preparation and making additional submissions
- In respect of such additional submissions, assist in representations before the SVB authorities
- Follow up with SVB authorities for completion of our case and issuance of communication in this regard, on best effort basis