Hello every one,
If any one want to know about advance ruling in custom and how it benefit to users, then please check the attached document for detail information.
What is an advance ruling?
“Advance Ruling” means a written decision on any of the questions relating to classification of goods, applicability of notifications having a bearing on the rate of duty, and other similar notifications, principles to be adopted for the purposes of valuation of the goods, or determination of country of origin raised by the applicant in his application in respect of any goods prior to its importation or exportation.
Who can seek advance ruling?
Any person:
(a) holding a valid Importer-exporter Code Number granted under section 7 of the Foreign Trade (Development and Regulation) Act, 1992; or
(b) exporting any goods to India; or
(c) with a justifiable cause to the satisfaction of the authority.