HomeNewsTrendsRevised 'Special valuation Branch' Procedure

Revised 'Special valuation Branch' Procedure

Revised 'Special valuation Branch' Procedure

April 08, 2021 / 18:19 IST

The Special Valuation Branch ("SVB") procedure/proceedings dealing with investigation and assessment of transactions involving special relationships between buyer-seller and certain special features surrounding the sale of imported goods have been streamlined. This is a welcome step and supports the Government's ease of doing business initiative. ELP's Tax Alert updates you on the significant features of the revised SVB procedure/proceedings to be followed by field formations.

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