Circular No. 4/2016-Cus and Circular No. 5/2016-Cus dated February 9, 2016 Background The Special Valuation Branch (“SVB”) specializes in investigation and assessment of transactions involving special relationships between buyer-seller and certain special features surrounding the sale of imported goods having bearing...

In case of transactions between associated enterprises Special Valuation Branch of Customs (“SVB”) investigates such transactions to arrive at arms’ length price in terms of the Customs Valuation (Determination of Value of Imported Goods) Rules, 2007 [“the Customs Valuation Rules”]. The...