DEAR SIR/MADAM
IS SVB ORDER APPLICABLE ON HIGH SEAS SALE SHIPMENT ?
FOREIGN SUPPLIER ABC IMPORT IN INDIA TO HIS RELATED IMPORTER ABC . AND ABC HIGH SEAS SALE THIS SHIPMENT TO XYZ BEFORE THE TIME OF ARRIVAL AT SEA PORT.
MY QUESTION IS THAT IN ABOVE CASE SHIPMENT SVB ORDER IS APPLICABLE OR NOT.
REGARDS/SUNIL
SVB Orders on High Seas Sales: Related Importers Must Register If Relationship Influences Pricing (Rule 2(2) Customs Valuation Rules) A query was raised regarding the applicability of Special Valuation Branch (SVB) orders on high seas sales shipments, specifically when a foreign supplier sells goods to a related importer in India, who then sells to another party before the shipment arrives at the port. Responses indicated that if the importer is related to the supplier as per Rule 2(2) of the Customs Valuation Rules, they must register with SVB. The SVB valuation applies if the relationship influences pricing; otherwise, it does not. (AI Summary)
TaxTMI 
TaxTMI 
