Import of goods during pendancy of Advance Rulling

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..... 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 - Reply By Shilpi Jain - The Reply = Provisional assessment is an option. Further facts will help to advice better. - Reply By raghunandhaanan rvi - The R .....

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..... eply = 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. - Reply By Narayana Chambers - The Reply = Dear Abhijeet-ji, Advance Ruling can be sought only for proposed imports (goods imported in future). Thus, i .....

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..... t 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 .....

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..... , during pendency of litigation (if feasible). Or you can also provisionally clear the imported goods, pending final outcome (from the named Customs Station). - Import of goods during pendancy of Advance Rulling - Query Started By: - Abhijeet Mane Dated:- 24-8-2024 Last Replied Date:- 30-8-2024 Customs - Exim - SEZ - Got 3 Replies - Customs - Discussion Forum - Knowledge Sharing, reply post by .....

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..... an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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