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Registration under svb

Querist : Anonymous (Querist) 27 January 2012 This query is : Resolved 
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
Report Abuse
Advocate Rajkumarlaxman (Expert) 27 January 2012
for valuation purpose it is mandatory to register.
Raj Kumar Makkad (Expert) 28 January 2012
You should post this query at relevant site www.caclubindia.com
Sailesh Kumar Shah (Expert) 28 January 2012
proceed as advised by Mr.Makkad.
Devajyoti Barman (Expert) 28 January 2012
yes, unfit query...
M/s. Y-not legal services (Expert) 28 January 2012
am also feel the same of barman's view..

-tom-

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