Import of goods during pendancy of Advance Rulling, Customs - Exim - SEZ

[Abhijeet Mane]

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 yes do we have any legal reference to it

Posts / Replies

[Shilpi Jain]

Provisional assessment is an option. 

Further facts will help to advice better.

[raghunandhaanan rvi]

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 the form of a bank guarantee is required.

[Narayana Chambers]

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 subject-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).