As a part of ongoing Knowledge Series, World Trade Center Bangalore in association with their knowledge partner, M/s Lakshmikumaran & Sridharan organized a Seminar on Special Valuation Branch on 5th April, 2016. Mr. D Anil, Additional Commissioner of Customs - Air Cargo Complex, Bangalore and Mr. Vivekananda G, Assistant Commissioner of Customs - Air Cargo Complex, Bangalore. The technical session was led by Mr. G. Shivadass, Principal Partner, Lakshmikumaran & Sridharan. The event was chaired by Dr. Bose K Nair, Vice President – World Trade Center Bangalore.
The seminar discussed the salient features of the Special Valuation Branch regulations prior to the introduction of the recent circulars along with the changes introduced in the circulars.
The ‘Special Valuation Branch’ (SVB) is an institution specializing in investigation of transactions between related parties and certain special circumstances that may have a bearing on the value of import goods viz. Royalty and license fee payments, any payments to be made as a condition of sale of imported goods and the like.