Advance Rulings for foreign investors provide binding determinations on classification, valuation and service tax liability to aid planning. Scheme provides an advance ruling mechanism for non-resident and specified resident investors under Customs, Central Excise and Service Tax, permitting determinations on classification, applicability of notifications, valuation, origin, admissibility of credit and liability to pay duties/tax. It prescribes eligibility classes of applicants, composition and jurisdiction of the Authority for Advance Rulings, application form and filing requirements, representation and authorization rules, fee and withdrawal provisions, a 90 day pronouncement timeline, binding effect of rulings on the applicant and tax authorities, and confidentiality of applications.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Advance Rulings for foreign investors provide binding determinations on classification, valuation and service tax liability to aid planning.
Scheme provides an advance ruling mechanism for non-resident and specified resident investors under Customs, Central Excise and Service Tax, permitting determinations on classification, applicability of notifications, valuation, origin, admissibility of credit and liability to pay duties/tax. It prescribes eligibility classes of applicants, composition and jurisdiction of the Authority for Advance Rulings, application form and filing requirements, representation and authorization rules, fee and withdrawal provisions, a 90 day pronouncement timeline, binding effect of rulings on the applicant and tax authorities, and confidentiality of applications.
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