Svb order regulation

This query is : Resolved

sachin (Querist)
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29 September 2011 Dear Expert,

Our comapnay is MNC and have associate comapnies. We have two business division.

Is it necessary to apply SVB order seperately business wise?
or
Is one SVB order will get issue for each legal entity wise?

Can you please update on this issue?

Regards,
Sachin

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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01 October 2011 yes,

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.