Seeks to notify "resident firm" as class of persons for the purposes of section 28E of the Customs Act, 1962 so as to extend the scheme of Advance Ruling to Resident Firm.- Reg. - Customs - 73/2015

GOVERNMENT OF INDIA MINISTRY OF FINANCE, DEPARTMENT OF REVENUE OFFICE OF THE COMMISSIONER OF CUSTOMS, CHENNAI-II CUSTOM HOUSE,60, RAJAJI SALAI, CHENNAI-600001 F.NO.S.Misc.02/2015-Appg. Main Dated: 09.04.2015 PUBLIC NOTICE NO. 73/2015 Sub: Seeks to notify resident firm as class of persons for the purposes of section 28E of the Customs Act, 1962 so as to extend the scheme of Advance Ruling to Resident Firm.- Reg. Government of India, Ministry of Finance, Department of Revenue, New Delhi, Notification No. 27/2015-Customs (N.T) dated 01.03.2015 issue from the File No. 334/5/2015-TRU is enclosed herewith for the guidance of the Importers, Clearing Agents and the Trading Public. The same is also available in the website www.cbec.gov.in. (P. JAIDEEP) ADDL. COMMISSIONER OF CUSTOMS(APPG. MAIN) [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NOTIFICATION No. 27/2015-Customs (N.T.) New Delhi, the 1st March, 2015 G.S.R. (E).- In exercise of the powers conferred by sub-clause (iii) of clause (c) of section 28E of the Customs Act, 1962 (52 of 1962), the Central Government hereby specifies resident firm as class of persons for the purposes of the said sub-clause. Explanation. - For the purposes of this notification, - (a) firm shall have the meaning assigned to it in section 4 of the Indian Partnership Act, 1932 (9 of 1932), and includes- (i) the limited liability partnership as defined in clause (n) of sub-section (1) of the section 2 of the Limited Liability Partnership Act, 2008 (6 of 2009); or (ii) limited liability partnership which has no company as its partner; or (iii) the sole proprietorship; or (iv) One Person Company. (b) (i) sole proprietorship means an individual who engages himself in an activity as defined in sub-clause (a) of section 28E of the Customs Act, 1962. (ii) One Person Company means as defined in clause (62) of section 2 of the Companies Act, 2013 (18 of 2013). (c) resident shall have the meaning assigned to it in clause (42) of section 2 of the Income-tax Act, 1961 (43 of 1961) in so far as it applies to a resident firm. [F. No. 334/5/2015-TRU] (Akshay Joshi) Under Secretary to the Government of India