TaxTMI 
TaxTMI 
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
Import of goods during pendancy of Advance Rulling
24 Aug 2024 
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Provisional assessment allows import pending an advance ruling, subject to bond/security and station-specific limitations.
Provisional assessment permits import during the pendency of an Advance Ruling by executing a bond with prescribed security to cover differential duty; AEO status can obviate bank guarantee requirements. Advance Ruling applies only to proposed future imports and must nominate the customs station, with the ruling binding the Commissioner of that station. Goods may be warehoused or provisionally cleared pending the final determination. (AI Summary)
Provisional assessment permits import during the pendency of an Advance Ruling by executing a bond with prescribed security to cover differential duty; AEO status can obviate bank guarantee requirements. Advance Ruling applies only to proposed future imports and must nominate the customs station, with the ruling binding the Commissioner of that station. Goods may be warehoused or provisionally cleared pending the final determination. (AI Summary)