Related party import or what is transfer pricing

As you are importing from related party, you need to register with the Special Valuation Branch of the Customs and get your valuation certified in form of a SVB order. You would be required to submit relevant documentation to prove that your relationship with the supplier has not influnced the price of the imported goods. There are 5 Special Valuation cells in India - Mumbai, Delhi, Bangalore, Chennai and Kolkata. Depending upon the location of your Head Office or Corporate Office, your file will be forwarded to the nearest SVB cell.