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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.
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