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of <h1>India Revises Import Investigation Rules: No More Extra Duty Deposits, Streamlined SVB Procedures to Cut Costs for Importers.</h1> The circular outlines the updated procedures for investigating related party import cases by the Special Valuation Branches (SVBs) in India. It addresses delays in investigations, provisional assessments, and transaction costs associated with extra duty deposits. The SVBs will now operate under the jurisdictional Chief Commissioner, with the Directorate General of Valuation providing legal support. The circular eliminates the requirement for extra duty deposits, introduces a questionnaire for importers, and specifies cases exempt from SVB inquiries. It also details the process for provisional assessments, finalization of assessments, and monitoring of SVB investigations, aiming to streamline operations and reduce costs for importers.
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