Export Oriented Units - SVB order

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 May 2011 Is it compulsory for 100% Export oriented units to take SVB order? These units do not do any sort of trading activities but import cargo only for research and usage in labs. The exports being service exports and they do not have any sales to DTA

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

02 June 2011 Special Valuation Branch is a Branch of the Custom House, specialising in investigating the transactions involving relationship between the supplier and the importer and certain other special features like Technical Collaboration between the parties, etc. Special Valuation Branch examines the influence of relationship on the invoice value of the imported goods in respect of transactions between related parties. In respect of Technical Collaboration Agreements and Joint Venture Agreements, the terms and conditions of these agreements are examined to arrive at the conclusion, whether the existence of such agreement has influenced the invoice value of the imports.

FOR MORE INFO: CBEC Circular No.11/2001-Cus dated 23.02.2001, issued as PN 68/2001 dated 02.04.2001.

REGARDS,

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