#svb procedure customs

[legalservices08]

SVB Registration Process: Meaning, Steps & ASC Group Support

Navigating import compliance in India can be complex, especially when transactions involve related party imports. In such cases, SVB Registration becomes mandatory to avoid customs valuation disputes and delays. If you're importing goods from overseas subsidiaries or parent companies, understanding the SVB customs procedure is essential. This blog explains what SVB registration is, why it's required, the challenges involved, and how the ASC Group can assist you throughout the Special Valuation Branch process.

What is SVB Registration?

SVB stands for Special Valuation Branch, a unit under Indian Customs that evaluates the relationship between importers and foreign suppliers to ensure fair transaction values. SVB registration is mandatory for businesses that import goods from related parties under Customs Notification No. 23/98-Cus (NT) dated 01.06.1998.

Common examples where SVB registration is required:

Import from parent or subsidiary companies

Import under technical collaboration agreements

Transfer pricing arrangements affecting customs duty

The SVB customs process prevents under-invoicing and ensures compliance with Customs Valuation (Determination of Value of Imported Goods) Rules, 2007.

Why SVB Registration is Important

Problems that arise without SVB registration:

Delays in Customs Clearance: Shipments may be held up until valuation queries are resolved.

Higher Duty Payments: Without proper documentation, customs may impose higher duties.

Non-compliance Penalties: Importers may face legal notices or fines.

Loss of Business Time: Procedural delays can disrupt supply chains.

Solution:

Timely and accurate SVB registration ensures faster clearances, legal compliance, and optimal valuation. It minimizes risks associated with related-party transactions.

Who Needs SVB Registration?

You need SVB registration if your business:

Imports from a related foreign supplier

Has financial arrangements or profit-sharing with exporters

Imports goods with technical know-how fees, royalty payments, or license agreements

Has a relationship with the supplier that may affect the invoice price

Step-by-Step SVB Registration Process

Understanding the steps involved in the SVB customs process helps in timely compliance:

Step 1: Filing of Initial Declaration

Submit Form SVB-I along with the Bill of Entry at the port of import

Declare your relationship with the foreign supplier

Step 2: Submission of Detailed Documentation

Company profile (both importer and supplier)

Agreements (technical, royalty, licensing, collaboration)

Invoices and pricing structure

Transfer pricing reports (if applicable)

Board resolutions and proof of payments

Step 3: Review by Customs Authorities

Provisional assessment may be initiated

Additional duties may be imposed until SVB clearance is obtained

Step 4: Transfer to Special Valuation Branch

The file is transferred to the jurisdictional SVB (Mumbai, Chennai, Kolkata, Delhi, Bangalore)

Customs may issue questionnaires and seek clarifications

Step 5: Final Order Issued by SVB

After review, SVB issues an order determining whether the relationship affects the transaction value

Once cleared, customs assessment is finalized

Note: The validity of SVB registration is generally 3 years. It needs to be renewed if any changes occur in the relationship or transaction structure.

How ASC Group Supports Your SVB Registration

ASC Group is a trusted consultancy with over 25 years of experience in customs, taxation, and regulatory advisory. SVB registration is a technical process that requires legal expertise and attention to detail. Here's how ASC Group can assist:

Problem Businesses Face:

Lack of clarity on documentation and procedure

Delays due to incomplete filing

Miscommunication with customs authorities

Inconsistent interpretation of related party rules

ASC Group’s Solution:

Expert Consultation: Assess whether SVB registration is needed for your business

Documentation Support: Prepare, review, and file the necessary documents

Liaison with Authorities: Represent your case before the Special Valuation Branch

Compliance Assurance: Ensure adherence to customs laws and valuation rules

Ongoing Monitoring: Track changes that may impact SVB validity

Key Benefits of ASC Group’s SVB Customs Support:

Zero-delay document submission

Tailored advice from seasoned customs professionals

Representation across India’s five SVB offices

Dedicated client servicing and post-filing assistance

Frequently Asked Questions

What is the timeline for SVB registration?

Typically, it takes 2 to 4 months depending on the complexity of transactions and the responsiveness of documentation.

Is SVB registration a one-time process?

No, it must be renewed if there is any change in relationship, agreement, or pricing mechanism.

Can ASC Group help with SVB registration in any city?

Yes, ASC Group operates pan-India and handles SVB filings in Delhi, Mumbai, Kolkata, Chennai, and Bangalore.

Conclusion

If your business deals with related-party imports, SVB registration is not optional—it is a legal requirement. Delaying or mismanaging it can lead to heavy losses and compliance risks. With the right guidance, the SVB customs process can be straightforward and stress-free. ASC Group simplifies this journey with end-to-end support, ensuring accurate filings, smooth communication with customs, and peace of mind.

Original Source

[eximadvisory1]

Exim Advisory offers professional SVB Registration services, guaranteeing smooth importers' and exporters' compliance with Indian customs according to the Special Valuation Branch procedure.

[ascgroupindia]

Ensure hassle-free SVB Registration with ASC Group's expert guidance, helping importers streamline customs procedures and achieve faster clearance with complete regulatory compliance.

[asc-group01]

ASC Group provides SVB registration services to importers with related-party transactions. We assist in document preparation, customs valuation filings, and procedural compliance to ensure smooth import operations under Indian customs law.

[edu-information]

Union Budget 2024: Streamlining Indirect Tax Compliances - Expectations and Challenges

With the Union Budget 2024 set to be presented on July 23, taxpayers and industry experts alike are keenly anticipating changes aimed at streamlining indirect tax compliances, particularly concerning the Goods and Services Tax (GST) and Customs procedures. Saloni Roy, Partner at Deloitte India, sheds light on the current challenges and expected amendments that could significantly impact the tax landscape.

Simplifying GST Compliance

The GST was introduced to simplify India’s tax regime, but taxpayers still face several hurdles. Here are some of the key challenges and expected changes:

Registration Complications

GST registration requires a set of prescribed documents. However, during the application scrutiny, authorities often demand additional documents not listed under the law, such as notarised copies of No Objection Certificates (NOC) or original lease deeds. This leads to delays and additional burdens on taxpayers. A more streamlined and consistent approach to documentation could alleviate these issues.

Biometric Aadhaar Authentication

Currently, key managerial personnel (KMPs) must visit facilitation centres for biometric Aadhaar authentication, which is both time-consuming and cumbersome. A potential solution is allowing KMPs to complete this process at any facilitation centre nationwide, reducing the travel burden and expediting the registration process.

Tax Payments by Overseas Taxpayers

The rise of e-services has expanded the taxpayer base under GST, particularly for online information database access and retrieval (OIDAR) services. However, the process for overseas taxpayers to remit GST payments via Indian intermediary banks is slow and prone to delays. Establishing a more efficient payment system through overseas banks could streamline this process and ensure timely tax remittance.

Addressing IGST Payment Delays

When importing goods, the payment of Integrated Goods and Services Tax (IGST) is made on the ICEGATE portal. However, delays in reflecting these payments on the GSTN portal result in discrepancies in Form GSTR-2B, causing automated notices to be sent to taxpayers. Enhancing the data transmission process between ICEGATE and the GST portal would mitigate these issues.

Challenges in Claiming Input Tax Credit (ITC)

One major challenge under GST is ensuring that vendors have remitted the GST to the government. Currently, there is no online mechanism for buyers to verify this, making it difficult to comply with ITC conditions. Developing a system to track vendor payments would reduce the risk of unwarranted litigation and ease the compliance burden on genuine taxpayers.

Additionally, ITC is often denied when a vendor’s GST registration is cancelled retrospectively. Implementing a real-time tracking system for vendor registration status could prevent such issues and ensure fair treatment of buyers.

Improving Customs Procedures

Customs procedures also face several challenges, and the Budget 2024 is expected to address these:

SVB Investigation Timelines

The Special Valuations Branch (SVB) of Customs often takes years to conclude investigations on imports from related parties, leading to provisional imports and the need for continuous bond submissions. Establishing a clear timeline for SVB investigations and adhering to it would expedite the process and reduce the burden on importers.

Digitisation of Customs

Despite advancements in the clearance of goods, some Customs processes remain manual, such as filing refund applications and replies to notices. Moving these processes online, similar to GST compliances, would save time and align with the ‘Digital Bharat’ mission.

Parting Thoughts

The Union Budget 2024 is poised to set the course for India’s economic trajectory over the next five years. By addressing the aforementioned challenges and streamlining tax compliances, the government can further its goal of making India the fastest-growing economy in the world. Stakeholders are hopeful that the upcoming budget will introduce measures that simplify procedures, reduce litigation, and promote ease of doing business.

[maximumpostcreator]

Ensure Compliance with Special Valuation Requirements for International Trade

Navigating the complex world of international trade can be daunting, especially when it comes to ensuring compliance with special valuation requirements and SVB procedures. However, with our expert guidance, you can confidently tackle these challenges and streamline your global operations.

Our team of seasoned professionals has in-depth knowledge of the intricate regulations governing special valuation requirements. We'll work closely with you to understand the unique needs of your business and develop tailored strategies to maintain full compliance. From properly classifying goods to accurately determining customs values, we've got you covered every step of the way.

By partnering with us, you'll gain the peace of mind that comes with knowing your international trade activities adhere to the strictest standards. Our proven track record of success and commitment to client satisfaction make us the trusted choice for businesses seeking to thrive in the global marketplace.

Don't let the complexities of special valuation requirements and SVB procedures hold you back. Unlock your full potential with our expert guidance and unlock new opportunities for growth and success.

For more Information click here for our Website: - Special Valuation Requirements

[newnewz]

“SVB provided the strategic support to start up in their journey to become valuable companies”, - Shyam Maheshwari, SSC

Mr. Shyam Maheshwari, the Founder of Nextinfinity Management Pte Ltd., a Family Office based in Singapore focusing on long-term strategic investments to bolster entrepreneurs, shared his perspective on the recent downfall of Silicon Valley Bank (SVB). Reflecting on the necessity of such an institution, Maheshwari's insights shed light on the pivotal role played by SVB in the startup ecosystem.

Drawing from his own experience, having witnessed the collapse of Lehman Brothers, Shyam Maheshwari empathizes with those affected by SVB's demise - employees, customers, depositors, and vendors alike. He notes the extensive influence SVB had on portfolio companies, as evidenced by the influx of emails concerning funding updates from Venture Funds. While the situation may seem desperate now, it also underscores SVB's profound impact on startups.

Shyam Maheshwari ssg, emphasizes the arduous journey faced by early-stage companies and founders, who not only need groundbreaking ideas but also must secure resources and assemble a dedicated team. SVB specialized in addressing the banking and financial needs of these companies, offering a range of services from basic banking procedures to advanced financial products like term loans, bridge loans, structured equity solutions, and advisory services.

He underscores the crucial strategic support SVB provided to startups, enabling them to thrive and leave a lasting mark on the industry. Comparatively, dealing with established institutions as a startup founder can be daunting, given the potential reception and rigidity they might encounter. The lack of comprehension can sometimes lead to contempt and dismissive attitudes towards startups, hindering their progress.

While acknowledging that SVB could have taken different approaches, Shyam Maheshwari recognizes its instrumental role in the startup ecosystem. From venture capital to financial services, SVB's offerings were unique and impactful. Maheshwari expresses his sentiments, indicating that SVB's absence will be felt for some time. He concludes on an optimistic note, hoping that SVB's legacy will inspire the birth of new institutions dedicated to helping startups realize their ambitions.

[ailtrahq]

The Bank for International Settlements (BIS) cited the concentration of crypto assets in banks as one of the reasons for the 2023 banking crisis. At the end of June 2022, banks had $4.2 billion in direct exposure to crypto assets. Signature Bank, the BIS argues, failed to perceive the risks of relying on crypto industry deposits, which disadvantaged it during the crypto collapses of 2022. It also did not have enough liquidity to satisfy outflows from non-crypto depositors spooked by the liquidation of Silvergate. BIS ‘Proactive Intervention’ Could Overreach According to the BIS, the failure of Silicon Valley Bank (SVB), which held cash reserves backing Circle’s USDC stablecoin, can be attributed to two factors. Its risk policies failed to match the growth of its asset base, and its management did not notice any problems with how the business ran or its balance sheet strategies. Its management also allegedly treated supervisory interventions as compliance exercises rather than opportunities to self-evaluate. Before failing in March, the bank had 31 open supervisory inquiries looking into different aspects of its business model and risk approach. Signature Bank Shares | Source: BIS Going forward, the BIS recommends regulators embrace a holistic approach that combines rules with proactive intervention when necessary. This approach, however, has legal risks since banks may resist any intervention lacking a legal basis. Read more: 2023 US Banking Crisis Explained: Causes, Impact, and Solutions Signs of legally murky intervention first occurred when the Federal Deposit Insurance Corporation asked the acquirers of Signature Bank to offload its crypto customers and assets worth $4 billion. The House Financial Services Committee during the Obama administration called similar efforts to strangle certain industries an abuse of power. Money Laundering Fears Still Palpable One of the obvious victims of the banking collapse was Circle, whose stablecoin lost $10 billion in market cap two weeks after SVB’s collapse. Many crypto users have since migrated to Tether, a larger but more controversial stablecoin. But a more interesting story is shaping up as the crypto collapse pushes regulators toward clearer crypto regulations. Hong Kong, Japan, South Korea, and some European countries offer licensing regimes for crypto firms that legitimize their operation. A side effect of this legitimacy is the need for registered firms to secure local banking partners. Banks are critical in transferring funds to exchanges and for cashing out holdings. However, many banks still fear poor Know-Your-Customer processes that make exchanges vulnerable to money laundering. Binance, for example, lost banking and payment partners after the US Commodity and Futures Trading Commission hinted it engaged in money laundering. Read more: 14 Best No KYC Crypto Exchanges in 2023 Initially, Asian branches of the HSBC and Standard Chartered banks hesitated to onboard crypto businesses because of money laundering associations. UK consumer banks, NatWest, Chase UK, and TSB Bank, have all placed restrictions on crypto-related transactions. Banks in Progressive Regions Are Being Proactive But the ice age is thawing. Customers of HSBC Hong Kong can invest in Bitcoin and Ethereum exchange-traded funds, provided they confirm their understanding of educational material on virtual asset investments. Before opening its fiat-to-crypto payment rails to licensed Hong Kong exchanges, ZA Bank operated a sandbox that involved 100 firms. It linked its systems to the city’s company register and conducts anti-money laundering procedures to minimize risk. South Korea’s oldest bank, Shinhan, is also testing remittances in a closed sandbox. Stablecoins insulate transfers from currency fluctuations and will benefit from the AML framework within which the bank already operates. Do you have something to say about the BIS report after the collapse of crypto banks or anything else? Please write to us or join the discussion on our Telegram channel.

 You can also catch us on TikTok, Facebook, or X (Twitter).

[blockgeni]

Several voices in the cryptocurrency community have been discussing how difficult it is to find banks that will work with the high-risk crypto industry in the wake of this month's catastrophic collapse of Silicon Valley Bank, one of America's largest banks. The U.S. government took control of a significant bank for the first time since the 2008 financial crisis when California regulators closed Silicon Valley Bank (SVB) on Friday. Additionally, the third-largest bank collapse in American history, Signature Bank, was shut down over the weekend by the U.S. government. The cryptocurrency-friendly Silvergate Bank also announced its closure last week. Many in the sector were concerned about where they would go next for their banking needs because both Signature and Silvergate Banks have a sizable number of customers in the crypto industry. Notwithstanding the issues, cryptocurrency markets rose 15% on Monday in a definite display of optimism following Silvergate Bank's collapse last week. Despite the traditional banking industry appearing to be in trouble, cryptocurrency markets fared so well that their market value rose back to heights above $1 trillion. This happened despite the fact that occasionally people confused the SVB with the recently failed Silvergate Bank in the public. The Federal Deposit Insurance Corporation (FDIC) said on Monday that it will establish a "bridge bank" to safeguard SVB customers, drawing the attention of the cryptocurrency sector. Given that the FDIC does not provide protection to users of crypto exchanges (normally, the FDIC guarantees all deposits up to $250,000 at a bank for individual customers), the collapse of crypto institutions did not provide comparable safeguards. Customers' insured and uninsured cash and assets have already been moved, according to the FDIC, so they won't have to wait to access their money. When the bridge bank, Silicon Valley Bank, N.A., opens and resumes regular business hours and activities, including online banking, depositors will have complete access to their funds as of this morning, the FDIC stated. The FDIC further emphasised that taxpayers suffered no damages during the procedure. The FDIC did note, however, that top SVB managers had been fired and that stockholders and some holders of unsecured debt had no protection. According to Stefan Rust, the former CEO of Bitcoin.com, the US government has taken sufficient action to prevent a banking collapse for the time being. According to federal call reports, the Treasury Department was aware in December 2022 that SVB could not repay all of its depositors in full due to its impaired investment portfolio. Despite this knowledge, the Treasury Department allowed SVB to continue operating and accepting more deposits from customers, William Quigley, co-founder of the most popular cryptocurrency in the world, Tether, told. After Silicon Valley Bank allegedly ceased accepting cryptocurrency customers, certain crypto and fintech businesses that received funding from SVB have claimed they avoided another catastrophe altogether. The demise of the crypto-friendly Californian bank Silvergate, which had a tight connection to the crypto business, came shortly after SVB's collapse. As soon as word spread that Silvergate was shutting down operations this month, Coinbase, Gemini, Bitstamp, Circle, and Crypto.com all abandoned ship. The almost-collapse of Silicon Valley Bank had a little effect on the already struggling cryptocurrency market, but Peter Thiel's Founder's Fund did request that Paxos, a stablecoin provider it finances, withdraw its funds from the troubled bank. A subsidiary of HSBC UK also announced on March 13 that it would purchase Silicon Valley Bank in the UK for one pound, giving the troubled institution new ownership. The British portion of the bankrupt bank had $8.1 billion of customer deposits, plus around $6.6 billion in loans. Importantly, the ownership move enables

British clients of the bank famous for funding the majority of Silicon Valley entrepreneurs to exhale with relief. Now, their deposits are entirely protected. According to Noel Quinn, CEO of HSBC Group, customers can continue to do business as normal while feeling confident that HSBC is protecting their deposits. Most UK customers were also interested in technology and business. Jeremy Hunt, a politician from Britain and chancellor of the exchequer, added that no "taxpayer support" from the country was given throughout the ownership change. He tweeted that they promised to take care of the tech sector, and they have worked urgently to keep that promise. Source link

[thesecrettimes]

Bank of England Shuts Down Silicon Valley Bank’s UK Branch After US Regulators Close Parent Company

After U.S. regulators shut down Silicon Valley Bank (SVB) on Friday, the Bank of England has closed the company’s U.K.-based arm. The central bank explained that it intends to place the subsidiary into bank insolvency procedures.

Fallout From SVB Failure Prompts BOE to Close U.K. Branch

The ripple effect of the 16th largest bank in the United States failing has started to unwind after Silicon Valley Bank (SVB) was shut down by the U.S. Federal Deposit Insurance Corporation (FDIC) and the California Department of Financial Protection and Innovation (DFPI). California’s DFPI explained that the chaos at SVB started on Wednesday and by Thursday, customers attempted to withdraw $42 billion in deposits via wire transfers. SVB’s failure has now moved overseas and has affected the company’s U.K. subsidiary, prompting the Bank of England to step in and shut it down. On Saturday, SVB U.K.’s official Twitter page retweeted a joint statement from a variety of U.K. venture capital funds supporting the U.K. branch. The Bank of England (BOE) said Silicon Valley’s U.K. branch will stop processing payments and is no longer accepting deposits. “The Bank of England, absent any meaningful further information, intends to apply to the court to place Silicon Valley Bank U.K. Ltd. into a bank insolvency procedure,” the BOE statement reads. “A bank insolvency procedure would mean that eligible depositors are paid out by the FSCS as quickly as possible, up to the protected limit of £85,000, or up to £170,000 for joint accounts.” In a note sent to Bitcoin.com News, Susannah Streeter, the head of money and markets at Hargreaves Lansdown, said the SVB U.K. arm was bound to fail. “It was looking inevitable that the dramatic loss of confidence in SVB would also sweep its U.K. arm into insolvency,” Streeter said. “The run on the U.S. bank spooked customers banking with the British subsidiary, despite protestations that it was ringfenced from its parent. Once U.S. regulators stepped in to ground the mothership, attempts to withdraw deposits escalated, putting the bank in a highly precarious position,” the market analyst added. The BOE statement on Friday noted that Silicon Valley’s U.K. branch will see its other assets and liabilities handled by liquidators, and recoveries will be distributed to creditors in that fashion. “ has a limited presence in the U.K. and no critical functions supporting the financial system,” the BOE statement stressed. The Hargreaves Lansdown analyst explained that central bank rate hikes may be scrutinized more carefully before other financial failures follow SVB’s collapse. “It’s clear that the rapid escalation in rates has taken the sector by surprise and the determination by the Fed to keep raising rates has brought fresh worries,” Streeter concluded. “Policymakers will now be monitoring this turn of events very closely, and now may be more likely to tread carefully with further rate rises, to ensure nothing else gets badly broken.” What do you think this event means for the future of banking stability, both in the U.S. and abroad? Share your thoughts in the comments section below. Read the full article

[priyacmi]

Huber Needles Market – Insights

Huber needles are used for repetitive access to veins for blood withdrawal and infusion of medication, blood products, and nutritional solutions in conjunction with a port implanted in a chronically ill patient body. These needles are designed to pierce the port without dislodging it. Huber needles are widely used in hospitals, oncology centers, clinics and ambulatory surgical centers. These needles are specifically used for medication and nutrition infusion, blood withdrawal, and imaging solution infusion.

Statistics:

The global Huber needles market is estimated to account for US$ 66.1 Mn in terms of value and 51,270,030 Units in terms of volume by the end of 2027.

Global Huber Needles Market: Drivers

Increasing prevalence cancer is expected to boost growth of the global Huber needles market over the forecast period. For instance, according to the World Health Organization, around 18.1 million new cases and 9.6 million deaths were registered due to cancer worldwide in 2018.

Moreover, favorable reimbursement scenario for vascular access needles is also expected to aid in growth of the market. According to the Center of Medicare and Medicaid Services (CMS), reimbursement for chemotherapy administration procedures includes payment for supplies such as Huber needles, IV setup, butterfly set, gauze, syringes, and catheters. Items such as syringes and needles (including huber needles) are often reimbursed by commercial players.

North America region held dominant position in the global Huber needles market in 2019, accounting for 42.1% share in terms of value, followed by Europe.

Figure 1. Global Huber Needles Market Share (%), by Region, 2019

Global Huber Needles Market: Restraints

Risk of infection associated with Huber needles is expected to hamper growth of the market.  During the use of Huber needles, the caregiver repetitively needs to access the implanted port and pierce a silicon septum with non-corning Huber needle. The Huber needles pose high risk of needle stick injuries during the removal of needle.

IV Cancer Application segment in the global Huber needles market was valued at US$ 16.8 Mn in 2019 and is expected to reach US$ 29.4 Mn by 2027 at a CAGR of 7.2% during the forecast period.

Market Trends/Key Takeaways

Increasing focus on reducing needle stick injuries has led companies to develop and introduce various needles with enhanced safety features in the market. Products with advanced features such as self-retracting needles and needles with safety locking are gaining traction among healthcare professionals and patients.

Moreover, high prevalence of HIV and blood-borne diseases has also led manufacturers to develop safe needles. For instance, according to Joint United Nations Program on HIV/AIDS, 37.9 million people globally were living with HIV at the end of 2018.   

Increasing prevalence of end-stage renal disease is expected to boost growth of the global Huber needles market. For instance, according to November 2019 data of National Center for Biotechnology Information, the prevalence of end-stage renal disease is rising at a stable number of about 20,000 cases per year.

Major players in the market are focused on adopting various marketing strategies to expand their customer base. For instance, in February 2020, Baxter International Inc. presented at the 9th Annual SVB Leerink Global Healthcare Conference in New York, N.Y.

Regulations:

U.S.

The     U.S. FDA authorizes the use of Huber needles for long term medication     infusion and blood withdrawal

Huber     needles are type of safety vascular access needles that fall under class     II with special controls. However, companies need a premarket approval     before commercializing the device.

FDA     mandates performance tests for stiffness, bending breakage, corrosive     resistance and elasticity of Huber needles

Huber     needle manufacturers are expected to submit performance tests in     investigational device exemption applications (IDEs) and premarket     approval applications (PMAs) to support the safety and effectiveness of     Huber needles. These devices require a premarket approval (PMA)     application before marketing and commercialization.

According     to FDA, the basic structure of Huber needle contains needle, needle cap     and needle hub. These needles are either straight type available in gauges     19, 20, and 22, and length 1’’ to 1-1/2’’ or bent 90 degree angle     available in gauges 19, 20, and 22, and length 1’’ to 1-1/2’’

FDA     has set few standard guideline in order to meet the safety requirement.     These devices falls under the category of class II devices (Special     Controls) or Class III (PMA).

Value Chain Analysis -

https://www.coherentmarketinsights.com/insight/request-sample/3648

https://www.coherentmarketinsights.com/insight/request-pdf/3648

Global Huber Needles Market: Competitive Landscape 

Major players operating in the global Huber Needles market include, Baxter International Inc., B. Braun Medical Inc., Smiths Medical, NIPRO Medical Corporation, AngioDynamics, Inc., and C. R. Bard, Inc.

Global Huber Needles Market: Key Developments  

Major players in the market are focused on adopting M&A strategies to expand their product portfolio. For instance, in February 2019, B. Braun Medical Inc. acquired Medisystems Streamline Bloodlines business that includes the Streamline Bloodline for the Dialog+ hemodialysis system, Streamline Bloodline for the Fresenius Medical Care hemodialysis system, and Streamline Bloodline Long for the Fresenius Medical Care hemodialysis system.

 About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions.

 What we provide:

Customized Market Research Services

Industry Analysis Services

Business Consulting Services

Market Intelligence Services

Long term Engagement Model

Country Specific Analysis

 Contact Us:

Mr. Shah

Coherent Market Insights Pvt. Ltd.

Address: 1001 4th ave, #3200 Seattle, WA 98154, U.S.

Phone: +1-206-701-6702

Email: sales@coherentmarketinsights.com

  Source: https://www.coherentmarketinsights.com/market-insight/huber-needles-market-3648

[kindlecomparedinfo]

Tile finds another $45M to expand its item-tracking devices and platform

Tile — the company that makes popular small square-shaped tags and other technology to help people keep track of physical belongings like keys and bags — has made more recent moves to link up with chipmakers, helping it expand to wireless headsets and other electronic and other connected items as part of a wider smart home strategy. Now, Tile is announcing a round of funding of $45 million to double down on those strategies and fulfil a plan to have its technology in millions of devices by the end of this year.

The growth equity is being led by Francisco Partners, with participation from previous investors GGV Capital and Bessemer Venture Partners and new backers Bryant Stibel and SVB Financial Group.

CJ Prober — who joined as CEO last year in part to develop Tile’s newer areas of business — said in an interview that the funding will help the startup be more aggressive in doubling down on these new opportunities.

“We’re seeing great business momentum, with the first embedded partner products from our strategic initiatives coming out this year,” he said. It now has partnerships with five semiconductor companies, including Qualcomm and most recently Nordic, which they integrate Tile functionality on to their hardware, he added. “All this is now paying off with great momentum.”

Prober would not comment on the company’s valuation with this round except to say that it was definitely an upround. It’s notable that this appears to be only the first close for the Series C, which has “opened” with this $45 million commitment, in the words of a spokesperson for the company.

Tile has declined to specify any more detail on this front, but this is pretty standard procedure, and the startup has previously raised its rounds in stages — as you can see by this timeline in PitchBook. For some more context, Tile’s last noted valuation (also in PitchBook) was around $166 million, but that was now more than two years ago, before the various initiatives and other changes at the company.

Tile is not disclosing any metrics on its market share or how many of its devices are now in use, but it typically is rated as the largest of a crowded market for item-tracking devices (with others in the space including TrackR (Adero), Chipolo, and more).

But it notes that its European business (a relatively new area of focus for Tile) has grown by 160% in the last quarter. That’s coming from a small base, though: Prober confirmed that the US is still by far its biggest market in terms of sales and users.

And it also had a strong Prime Day on Amazon this year, doubling its unit sales (but didn’t provide hard numbers for comparison). It said it has exceeded projections for sign-ups for its Premium tier, which provides free battery replacements, 30-day location history, smart alerts (prompting you for example when you’ve left your keys somewhere), customer support and more for $30 for the year or $3 per month.

The company has been planting a lot of seeds, and some of them have yet to sprout. Last year, Tile announced that it would take an investment from Comcast to help it develop new products for its wider connected consumer strategy.

Prober however described this as still in the “roadmapping phase” and would not get into specifics except to say that there are a number of different initiatives in the works. There is also a partnership with Google unveiled at the most recent I/O that will see its home devices also being able to be tracked by the Tile platform.

I asked Prober if he worries ultimately about whether large tech companies like Apple, Amazon, Google and the rest — which all want to “own” connected home customers and the ecosystem of hardware and services that they may use — are seen as opportunities or threats for Tile, given that it’s piggy backing on their platforms and devices. His and the company’s fundamental feeling — one that should be supported in the spirit of competition and consumer choice — is that having a cross-platform option is the way to go.

“Our customers have different devices, products from different companies and it’s our job to ensure that Tile works well across all of those,” he said. “We see ourselves a little bit like Switzerland, which is also something that our customers and partners appreciate.”

While we’re seeing a surge of new communications technologies and protocols — 5G being perhaps the one we are hearing about most at the moment — Tile is sticking for now to Bluetooth.

“We love what Bluetooth enables for our customers in terms of the form factor, the cost and profile of the device and the power consumption,” said Prober. “We’re constantly evaluating different alternatives, and if there is an alternative we would consider that, but in our view that doesn’t exist right now.”

It’s a choice that its investors are also supporting.

“Tile pioneered the smart location category,” said Andrew Kowal, partner with Francisco Partners, in a statement. “With Bluetooth technology projected to be included in nearly 30 billion devices shipping in the next five years, Tile is poised to deliver an embedded finding solution for a rapidly expanding market. We are extremely excited to be partnering with Tile as the company enters the next chapter of its growth story.”

from RSSMix.com Mix ID 8176395 https://techcrunch.com/2019/07/24/tile-finds-another-45m-for-its-item-tracking-platform/ via http://www.kindlecompared.com/kindle-comparison/

[eximadvisory1]

Exim Advisory provides professional SVB Registration services, facilitating easy customs clearance for import-export companies. We assist you with documentation and regulatory procedures with accuracy and speed.

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For businesses involved in international trade, particularly those engaged in imports of goods from related parties or at special prices, SVB Registration is a crucial requirement under Indian customs procedures. Special Valuation Branch (SVB) is a unit of the Indian Customs Department that handles cases involving special relationships between buyers and sellers that may affect the declared value of imported goods. This article by ASC Group helps you decode the process of SVB registration, the role of SVB in customs, and the importance of svb valuation.

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ASC Group offers businesses importing from connected parties quick and dependable SVB registration. We manage every step of the procedure, including documentation, submissions, and valuation data, guaranteeing no mistakes or delays. Your customs compliance is in capable hands when you work with ASC Group.