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Valuation of imported goods in case of related party transaction - CBEC's Customs Manual 2023 - CustomsExtract ..... the transaction value can be accepted if the examination of circumstances of the sale of the imported goods indicate that the relationship did not influence the price or if the importer demonstrates that the declared value of the goods being valued, closely approximates to one of the test values namely transaction value of identical/similar goods, in sales to unrelated buyers in India, deductive value for identical/similar goods or computed value for identical/similar goods ascertained at or abo ..... x x x x x Extracts x x x x x Valuation of imported goods in case of related party transaction - CBEC s Customs Manual 2023 - Customs x x x x x Extracts x x x x x ..... sed in terms of Rule 3 of the CVR 2007. 9.3 In cases, where the Commissioner concerned finds it fit that the transaction requires investigation to be conducted by SVB, the Investigations are carried out by Special Valuation Branches (SVB) located presently in the major Custom Houses at Bengaluru, Mumbai, Kolkata, Chennai and Delhi. As and when imports requiring investigation by SVBs are noticed at any customs formation, the concerned Commissionerate shall after following the laid down procedure, ..... x x x x x Extracts x x x x x Valuation of imported goods in case of related party transaction - CBEC s Customs Manual 2023 - Customs x x x x x Extracts x x x x x ..... e value shall be imposed by the Commissioner for a period not exceeding the next three months. 9.6 Only cases with significant revenue implications are taken up for SVB investigations. The following cases are not to be taken up for SVB investigations: (a) Import of samples and prototype from related sellers (b) Imports from related sellers where duty chargeable (including additional duty of customs etc.) is unconditionally fully exempt or NIL. (c) Any transaction where the value of imported good ..... x x x x x Extracts x x x x x Valuation of imported goods in case of related party transaction - CBEC s Customs Manual 2023 - Customs x x x x x Extracts x x x x x
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