Authority for Advance Rulings designated under income tax law now issues customs advance rulings; pending applications transfer on assent. The Authority for Advance Rulings constituted under the income-tax law is designated as the Authority to give advance rulings under the Customs Act, exercising the jurisdiction, powers and authority conferred by that Act; the revenue Member must be an Indian Revenue Service officer qualified to be a Board Member. Upon commencement, every application and proceeding pending before the former Authority for Advance Rulings (Central Excise, Customs and Service Tax) shall be transferred to the designated Authority and continue from the stage at which they stood.