Advance ruling scope expanded to include customs, central excise and specified finance act advance ruling applications. Amendment expands section 245Q(1) to permit applications for advance ruling under Chapter V of the Customs Act, Chapter IIIA of the Central Excise Act, ... Summary
Advance ruling scope expanded to include customs, central excise and specified finance act advance ruling applications.
Amendment expands section 245Q(1) to permit applications for advance ruling under Chapter V of the Customs Act, Chapter IIIA of the Central Excise Act, and Chapter VA of the Finance Act, 1994, in addition to the existing provision under Chapter XIX-B of the Income-tax Act; applications remain subject to prescribed form and manner and the amendment is effective from 1 April 2017.
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