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Challenges of SVB registration

SVB Registration is necessary for the importers whose goods' value is determined by a method other than transaction value, like related party transactions, to ensure that the declared value for customs is presented in conformity with the statutory regime of India, particularly on such goods whose price does not exactly reflect the true market value. In short, this registration is necessary for any company that intends to comply with the customs laws to avoid penalties. SKMC Global provides professional advice on SVB registration, ensuring clarity of the process and the accuracy of submissions,

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Challenges of SVB registration

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  1. CHALLENGES OF SVB REGISTRATION Special Valuation Branch (SVB) Registration is a mandatory customs process for importers who transact with related parties or use special pricing arrangements. It assesses whether the declared import value is fair, compliant, and free from under-valuation risks. SVB ensures transparency, correct duty payment, and alignment with customs valuation rules. Complex Documentation Requirements – Preparing detailed agreements, invoices, valuation sheets, transfer-pricing documents, and relationship proofs can be time-consuming. Lengthy Scrutiny by Customs – Authorities conduct deep evaluation of related- party transactions, which often leads to extended processing timelines. Frequent Queries & Clarifications – Businesses face multiple rounds of questions from SVB regarding pricing methods, royalty, and TP justification. Dependency on Transfer Pricing Reports – Any gaps or inconsistencies in TP studies can delay approval. Need for Precise Valuation Justification – Companies must justify how import prices were determined, which is challenging without strong internal valuation mechanisms. Inter-departmental Coordination – Coordination between finance, legal, logistics, and customs teams becomes difficult when reconciling data or documents. Risk of Provisional Assessments – Until SVB order is issued, businesses may face provisional assessment, leading to blocked capital in the form of security or bonds. SKMC Global supports businesses with complete SVB documentation, valuation justification, and accurate submission to customs for faster approvals. Their team manages end-to-end coordination, query handling, and compliance to ensure smooth and hassle- free SVB registration. www.skmcglobal.com info@skmcglobal.com +91 989-125-5499

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