Section 212B: Advance Ruling

52[212B. Advance Ruling. - (1) An applicant desirous of Advance Ruling may make an application in such form and in such manner as may be prescribed under the rules, stating any of the questions as contained in sub-section (2) hereinafter on which the Advance Ruling is sought. (2) The question on which advance ruling is sought shall be in respect of, - (i) classification of goods under the first schedule to this Act; (ii) determination of origin of the goods under the rules of origin notified for bilateral and multilateral agreements; or (iii) 54[Omitted] (iv) any other matter as the Board may specify by notification in the official Gazette. (3) The proceedings for issuance of advance ruling shall be completed within ninety days. (4) The Ruling issued under sub-section (1) shall be binding on the applicant. (5) The Ruling issued under sub-section (1) shall be binding on the Customs for a period of 53[three years] unless there is a change in law or facts or circumstances on the basis of which the advance ruling was pronounced. (6) The appeal against the Ruling issued under sub-section (1) shall lie with the Member Customs (Policy) within thirty days of issuance of Ruling: Provided that during the appeal period of thirty days, the operation of Ruling shall remain suspended unless the applicant accepts the Ruling.]

Effective date: 1969-03-03

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