Special valuation rules, Customs - Exim - SEZ

[Govinda Raju]

Dear Sir,

request to let me know the procedures and documents to be provided for renewal of SVB order for further 3 years.

Posts / Replies

[Naveed S]

Sir, please refer following Public Notice on the said issue :-

OFFICE OF THE COMMISSIONER OF CUSTOMS,

C.R.BUILDINGS, QUEEN'S ROAD, BANGALORE – 560 001

C.No.VIII/48/202/2010 Cus Tech Date: 10-12-2010 PUBLIC NOTICE NO.86/2010

Sub: Customs – New SVB Branch at Bangalore - reg.

9. Procedure for Renewal

Normally, the order issued by the SVB is in operation for a period of 3 years. The order by SVB is passed based on the replies/documents furnished by the importer. If there is any suppression of fact or mis-declaration on the part of importer, necessary penal action will be taken separately in accordance with the provisions of law. If the importer is having continuous imports over a period of time extending beyond 3 years, he has to file replies and documents at least 3 months before the completion of 3 years, so as to take up the renewal of the case. If there is no change in the terms and conditions of the agreement, or pattern of invoicing, the same shall be specifically stated by the importer in the form of an Affidavit. On examining these documents, the SVB order issued in the past will be renewed for a further period of 3 years. If there are no imports from the related supplier beyond a period of 3 years, there is no need for renewal of the circular and the file will be closed in SVB.