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Special Valuation Branch of the customs deals with cases involving related party transactions and follows a procedure as laid down in the circulars issued by CBEC from time to time. The procedure involves extensive investigation spread over a period of time and requires the importer to reply to a set of questionnaire and also maintain extensive documentation and furnish the information as and when required. After the investigation the customs may accept or reject the value. On rejection the value is re-determined based on the sequential methodology (identical/similar valuation, deductive valuation, computed valuation, residual valuation). At times such a redetermination may involve imposition of fine and penalty depending on the reasons of rejection of the value.

We provide our specialised services to help you solve your valuation branch complexities. You can get more information about Customs Valuation and Special Valuation Branch from the below.

Most of the import duties and export incentives are based on the value of the goods imported or exported as the case may be

The valuation is as per the customs guidelines for which the governing provisions are:

1. Section 14 of the Custom Act 1962

2. Customs Valuation (Determination of Value of Imported Goods) Rules 2007

3. Customs Valuation (Determination of Value of Export Goods) Rules 2007

Primarily the declared transacted value is accepted as value of the goods (except in specific cases). However the customs may not accept the declared value based on various reasons such as :-

1. Related party transactions

2. Significantly higher value of comparable identical/similar goods imported at or about the same time

3. Abnormal / specific and special discounts.

4. The mis-declaration/ non-declaration of specified parameters.

Customs assesses the goods and their value presented by the importer. Upon assessment the goods are allowed for clearance upon payment of duty.

Special Valuation Branch (SVB)