India Updates: CBEC revamps the Customs Special Valuation Branch mechanism

March 2016 | India

SVB processes streamlined and revamped

The Indian government has been taking steps towards improving the 'ease of doing business in India'. Simplifying the Special Valuation Branch (SVB) process is one such initiative.

The SVB was developed to deal with investigation of transactions involving special relationships between suppliers and importers and other features such as royalties, license fees, and other payments made directly or indirectly by the importer to the supplier related to the imports.