Indirect Taxes
- Customs
- Customs
- Advance Rulings
- Audit
- Background
- Classification of Goods under The Customs Tariff Act, 1975
- Customs Duty Drawbacks
- Date for Determining Rate of Duty and Valuation
- Demand, Recovery and Refund of Duty
- Interest
- Levy of Customs Duty
- Penalties
- Procedure of Import
- Prosecution
- Settlement of Cases
- Some Important Definitions
- Types of Duties
- Valuation of Goods
- Warehousing
- Goods and Services Tax (GST)
- Goods and Services Tax (GST)
- Accounts and Records
- Assessments and Audits
- Classification of Goods and Services
- E-Way Bill
- Input Tax Credit (ITC)
- Interest
- Penalties & Prosecution
- Place of Supply
- Refund
- Registration
- Relevant Circulars - Miscellaneous
- Returns
- Reverse Charge Mechanism under Goods and Services Tax (GST)
- Supply with Schedules
- Time of Supply
- Transitional Provisions
- Valuation of Supplies
- Maharashtra Profession Tax
- Maharashtra Value Added Tax
- Maharashtra Value Added Tax
- Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019
- Service Tax
ADVANCE RULINGS
The provisions relating to advance rulings are covered in Chapter VB of the Customs Act. Advance rulings can be sought by following persons31 :
- holding a valid IEC number; or
- exporting any goods to India; or
- with a justifiable cause to the satisfaction of the Authority,
Advance Ruling can be sought on matters regarding classification, valuation of goods, applicability of notifications having a bearing on rate of duty of customs, determination of origin of goods and other matters as may be notified.
Application shall be filed in quardruplicate and shall be accompanied by a fee of ₹ 10,000/-.
Ruling shall be pronounced within 3 months from the date of receipt of application.
Any authorized officer or the applicant may file an appeal to the Appellate Authority within 60 days from the date of the communication of such ruling or order.