Special Valuation Branch In Manipur (SVB) – Complete Guide for Businesses
International trade often involves transactions between related parties, such as subsidiaries, joint ventures, or associated enterprises. In such cases, Customs authorities pay special attention to ensure that the imported goods are valued fairly and that there is no undervaluation or overvaluation that could impact duties and taxes. This is where the Special Valuation Branch (SVB) of Indian Customs comes into the picture. The SVB deals with the valuation of goods imported from related parties, ensuring transparency, compliance, and accuracy in international trade transactions. For businesses engaged in imports, SVB registration and clearance are essential for smooth operations and avoiding unnecessary delays, investigations, or penalties. What is Special Valuation Branch (SVB)? The Special Valuation Branch is a wing of Indian Customs that investigates and verifies the correctness of the declared value of goods imported fro...