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Amendments to the structure of Authority for Advance Rulings
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....mendments to the structure of Authority for Advance Rulings <br>Budget<br>Dated:- 5-2-2018<br><BR>Amendments to the structure of Authority for Advance Rulings Section 245-O provides for the constitution of an Authority for Advance Rulings, and constitution of its benches, for giving advance rulings under Chapter XIX-B of the Act or under Chapter V of the Customs Act, 1962 or under Chapter IIIA of....
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.... the Central Excise Act, 1944 or under Chapter VA of the Finance Act, 1994. In view of the proposed constitution of new Customs Authority for Advance Ruling under section 28EA of the Customs Act, it is proposed to amend the provisions of section 245-O so as to provide that such Authority shall cease to act as an Authority for Advance Rulings, and shall act as an Appellate Authority for the purpos....
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....e of Chapter V of the Customs Act, 1962 from the date of appointment of Customs Authority for Advance Rulings under section 28EA of the Customs Act, 1962. It is further proposed that such Authority shall not admit any appeal against any ruling or order passed earlier by it in the capacity of Authority for Advance ruling after the date of appointment of Customs Authority for Advance Rulings under ....
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....section 28EA of the Customs Act, 1962. In order to avoid overlapping, it is also proposed that where the Authority is dealing with an application seeking advance ruling in the matters of the Act, the Revenue Member shall be the Member referred to in sub-clause (i) of clause (c) of sub-section (3). These amendments will take effect from 1st April, 2018. [Clause 48 & 49]<BR> News - Press release ....
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....- PIB....