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<h1>Finance Bill 2017: Section 28F of Customs Act revised, new Authority for Advance Rulings established with IRS member.</h1> Clause 93 of the Finance Bill, 2017 proposes to replace section 28F of the Customs Act, designating the Authority for Advance Rulings under section 245-O of the Income-tax Act as the body responsible for advance rulings under the Customs Act. It specifies that a qualified Member from the Indian Revenue Service (Customs and Central Excise) will serve as the revenue Member of this Authority. Additionally, all pending applications with the former Authority for Advance Rulings related to Central Excise, Customs, and Service Tax will be transferred to the new Authority upon the Finance Bill's enactment.