Import of goods during pendancy of Advance Rulling

[Abhijeet Mane]

Hi, I want to know if client wants to apply for Customs Advance Rulling for HSN Classification- then how he can import goods during the pendency of Advance Rulling- is it on provisional assement basis. if yes do we have any legal reference to it

AI Summary

Import Goods During Customs Ruling: Consider Provisional Assessment, AEO Exemptions, and Warehousing Options for Future Imports A user inquired about importing goods during the pendency of a Customs Advance Ruling for HSN classification. Respondents suggested opting for provisional assessment, which allows importation while the ruling is pending. One response advised submitting a bond with security, but noted that Authorized Economic Operator (AEO) entities are exempt from providing a bank guarantee. Another response highlighted that Advance Rulings apply only to future imports and advised against importing goods until the application is filed. It also mentioned that rulings are typically received within six months and suggested warehousing goods or provisional clearance during litigation.