Why SVB Registration is Needed in Related Party Imports?

Business3 months ago

Source: Why SVB Registration is Needed in Related Party Imports?

In India, when multinational companies or importers engage in transactions with related parties abroad, Special Valuation Branch (SVB) Registration becomes a mandatory compliance requirement under the Customs Act, 1962. This registration is essential to ensure the fair and transparent valuation of imported goods and to prevent abusive practices like under-invoicing or over-invoicing, which can erode government revenue.