https://www.taxtmi.com/article/detailed?id=13795 An Advance Ruling permits an assessee to obtain pre-transaction clarification from customs or GST authorities on classification, customs valuation, exemption eligibility, and taxability. The applicant files a prescribed application with supporting facts and documents; the authority issues a ruling within the statutory timeframe which is binding on both the applicant and tax authorities while the facts remain unchanged. Rulings can be modified if material facts change, and statutory appeals are available against adverse determinations. en-us Sat, 15 Mar 2025 08:42:24 +0530 Sat, 15 Mar 2025 08:42:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13795 An Advance Ruling permits an assessee to obtain pre-transaction clarification from customs or GST authorities on classification, customs valuation, exemption eligibility, and taxability. The applicant files a prescribed application with supporting facts and documents; the authority issues a ruling within the statutory timeframe which is binding on both the applicant and tax authorities while the facts remain unchanged. Rulings can be modified if material facts change, and statutory appeals are available against adverse determinations. Articles Customs - Import - Export - SEZ Sat, 15 Mar 2025 08:42:24 +0530 https://www.taxtmi.com/article/detailed?id=13795