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of <h1>New Customs Valuation Manual 2023: Guidelines for Related Party Transactions and Special Valuation Branch Reviews Explained.</h1> The Customs Valuation Manual 2023 outlines procedures for valuing imported goods in related party transactions, as per the Customs Valuation Rules, 2007. It specifies when parties are deemed 'related' and details the process for assessing transaction values. If a relationship influences pricing, the Special Valuation Branch (SVB) may investigate. Importers must provide documentation for assessment, and cases with significant revenue implications are prioritized for SVB review. The manual also discusses the withdrawal of the 1% Extra Duty Deposit and conditions under which security deposits may be imposed. Certain transactions, like low-value imports or those exempt from duty, are excluded from SVB scrutiny.
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