Valuing imports from a related party for customs purposes

The Special Valuation Branch of India’s Customs agency investigates transactions involving special relationships between related buyers and sellers or those transactions involving other special circumstances concerning the sale of imported goods—both of which have a bearing on the assessable value (16 February 2016)

As a trade facilitation measure, the Central Board of Excise and Customs issued guidelines concerning valuation of related-party imports by the Special Valuation Branch. The guidelines—Circular No 5/2016-Cus (9 February 2016)—replace prior guidance. Also, separate guideline have been issued to deal with pending cases.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s