Authority for Advance Rulings under income tax law will issue customs advance rulings and inherit pending proceedings. The clause substitutes section 28F to designate the Authority for Advance Rulings constituted under the Income-tax Act as the Authority for advance rulings under the Customs Act, requires the IRS (Customs and Central Excise) Member qualified for the Board to be the revenue Member, and transfers all pending applications and proceedings from the erstwhile Authority to the designated Authority to proceed from their existing stage on the date of assent.