IS SVB APPLICABLE ON HIGH SEAS SALES SHIPMENT, Customs - Exim - SEZ

[sunil bhardwaj]

DEAR SIR/MADAM

IS SVB ORDER APPLICABLE ON HIGH SEAS SALE SHIPMENT ?

FOREIGN SUPPLIER ABC IMPORT IN INDIA TO HIS RELATED IMPORTER ABC . AND ABC HIGH SEAS SALE THIS SHIPMENT TO XYZ BEFORE THE TIME OF ARRIVAL AT SEA PORT.

MY QUESTION IS THAT IN ABOVE CASE SHIPMENT SVB ORDER IS APPLICABLE OR NOT.

REGARDS/SUNIL

Posts / Replies

[Mahir S]

Importers who are related to the supplier in terms of Rule 2(2) of the Customs Valuation Rules are required to register with SVB.

Hence, please verify the applicability in terms of the above said rule.

[YAGAY AND SUN]

In case of related parties where the prices are influenced by the relationship would come under SVB Valuation. If there is any relation between you and the ultimate supplier then it will be applicable otherwise not.