Anonymous
27 January 2012 at 19:33
Dear Experts,
Please solve my issue -
One company is situated at USA and one at China both are group Companies. Indian Company, which is also a group company, will import materials at Mumbai Warehouse from USA as well as China. As per Custom Act, these is a relative party transaction u/s 2(2).
For Valuation purpose - whether in such case registration under SVB (special valuation branch) under Custom Act is required or not?? The registration is compulsory or optional??
Please response at the earliest.
Thanks in advance.
Neha
Registration under svb
Dear Experts,
Please solve my issue -
One company is situated at USA and one at China both are group Companies. Indian Company, which is also a group company, will import materials at Mumbai Warehouse from USA as well as China. As per Custom Act, these is a relative party transaction u/s 2(2).
For Valuation purpose - whether in such case registration under SVB (special valuation branch) under Custom Act is required or not?? The registration is compulsory or optional??
Please response at the earliest.
Thanks in advance.
Neha