India: Valuing imports from a related party | KPMG | GLOBAL

India: Valuing imports from a related party for customs purposes

India: Valuing imports from a related party

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.


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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.  


Read a February 2016 report [PDF 288 KB] prepared by the KPMG member firm in India: Revised procedure for valuation of imports from a related party by a Special Valuation Branch of Customs

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