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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>New Procedures for Related Party Import Cases: Streamlined SVB Investigations, No More Extra Duty Deposits, Clear Jurisdiction Guidelines.</h1> The circular outlines the revised procedures for investigating related party import cases by Special Valuation Branches (SVBs). It addresses delays and inefficiencies in SVB investigations, emphasizing streamlined processes and reducing transaction costs. The jurisdiction of SVBs is clarified, with SVBs now operating under the jurisdictional Chief Commissioner. The circular eliminates the requirement for Extra Duty Deposits (EDD) during provisional assessments, instead introducing a security deposit if importers fail to provide necessary documents within 60 days. It also specifies cases exempt from SVB inquiries and introduces a questionnaire to assist in determining the necessity of SVB investigations. The circular aims to improve efficiency and reduce burdens on importers.
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