Section 96E - Applicability of advance ruling - Finance Act, 1994

1 [Applicability of advance ruling. 96E. (1) The advance ruling pronounced by the Authority under section 96D shall be binding only- ( a ) on the applicant who had sought it; ( b ) in respect of any matter referred to in sub-section (2) of section 96C; ( c ) on the 2 [Principal Commissioner of Central Excise or] Commissioner of Central Excise, and the Central Excise authorities subordinate to him, in respect of the applicant. (2) The advance ruling referred to in sub-section (1) shall be binding as aforesaid unless there is a change in law or facts on the basis of which the advance ruling has been pronounced. ] ********************** Notes : 1. Inserted by the Finance Act, 2003, w.e.f. 14-5-2003. 2. Inserted vide THE FINANCE (No. 2) ACT, 2014