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Import of goods during pendancy of Advance Rulling
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....mport of goods during pendancy of Advance Rulling<br> Query (Issue) Started By: - Abhijeet Mane Dated:- 24-8-2024 Last Reply Date:- 30-8-2024 Customs - Exim - SEZ<br>Got 3 Replies<br>Customs<br>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 y....
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....es do we have any legal reference to it Reply By Shilpi Jain: The Reply: Provisional assessment is an option. Further facts will help to advice better. Reply By raghunandhaanan rvi: The Reply: Yes, opt for the provisional assessment. To avail of this scheme for the differential duty, you must submit a bond with security to the Customs department. Since you are an AEO entity, No security in t....
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....he form of a bank guarantee is required. Reply By Narayana Chambers: The Reply: Dear Abhijeet-ji, Advance Ruling can be sought only for proposed imports (goods imported in future). Thus, it is advised that subject-goods need not be imported, upto the date of filing the Application. You will need to disclose the name of Custom Station (Port /Airport). from where you'll be importing the sub....
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....ject-goods. The CAAR Ruling is applicable only qua the Commissioner, for that Customs Station. These days, a Ruling from CAAR is received within 6 months. You can consider warehousing the goods, during pendency of litigation (if feasible). Or you can also provisionally clear the imported goods, pending final outcome (from the named Customs Station).<br> Discussion Forum - Knowledge Sharing ....