Special Valuation Branch (SVB)
October 23, 2024
Special Valuation Branch (SVB)
The “Special Valuation Branch” (SVB) is Set-up by Indian Customs to Investigate the transactions in import of goods from related party supplier (examine the impact of relationship on invoicing / valuation) in import.
Mumbai / Chennai / Kolkata / Bangalore & Delhi are the zonal regulatory offices functioning SVB investigation / Finalization in India and any decision taken by any of these office is followed by all the five customs zone offices .
Procedure
- Port Registration is taken at the time of first import and the clearance is permitted against “Continuity Bond” from import station on approval of commissioner of custom.
- The same file is then forwarded to zonal office for DOV registration.
- The SVB office will call for list of documents and appropriate explanation with evidence for valuation of the import goods as required.
- On completion of Investigation SVB department of custom will issue Investigation Report (IR) which is approved by Zonal Commissioner of customs.
