Special valuation rules

[Govinda Raju]

Dear Sir,

request to let me know the procedures and documents to be provided for renewal of SVB order for further 3 years.

AI Summary

Renewal Procedures for Special Valuation Branch Orders: Submit Documents 3 Months Before Expiry, Affidavit if No Changes Occur A query was raised regarding the procedures and documents required for renewing a Special Valuation Branch (SVB) order for an additional three years. The response highlighted a public notice from the Office of the Commissioner of Customs, Bangalore, which outlines that the SVB order typically lasts for three years. Importers must submit necessary documents and replies three months before the order's expiration for renewal. If no changes occur in the agreement or invoicing, an affidavit must be provided. Without continuous imports from the related supplier after three years, renewal is unnecessary, and the file will be closed.