TaxTMI 
TaxTMI 
Dear Sir,
request to let me know the procedures and documents to be provided for renewal of SVB order for further 3 years.
Special valuation rules
17 Dec 2014 
1 Reply 
2052 Views Asked by
Special valuation rules renewal requires advance filing and affidavit confirming unchanged terms to obtain further SVB order.
Renewal of SVB orders requires the importer to submit replies and supporting documents at least three months before expiry; if terms and invoicing remain unchanged the importer must file an Affidavit to that effect, and on examination the SVB may renew the existing order for a further three-year period; suppression or misdeclaration may lead to penal action, and absent further imports from the related supplier no renewal is required and the file will be closed. (AI Summary)
Renewal of SVB orders requires the importer to submit replies and supporting documents at least three months before expiry; if terms and invoicing remain unchanged the importer must file an Affidavit to that effect, and on examination the SVB may renew the existing order for a further three-year period; suppression or misdeclaration may lead to penal action, and absent further imports from the related supplier no renewal is required and the file will be closed. (AI Summary)