Page 15 - COMBINED QUESTIONS AND ANSWERS - EDITION 2019 - PART II_Neat

(ii) An applicant desirous of obtaining an advance ruling under Section 28I of the
Customs Act, 1962 may make an application in specified from and stating the
question on which the advance ruling is sought.

(iv) An applicant desirous of obtaining an advance ruling under Section 28J of the
Customs Act, 1962 may make an application in specified from and stating the
question on which the advance ruling is sought.
A-40: (i) An applicant desirous of obtaining an advance ruling under Section 28H of the Customs
Act, 1962 may make an application in specified from and stating the question on which the
advance ruling is sought.
Q-41: Explain the certification of copies of the advance rulings pronounced by the Authority
A-41: A copy of the advance ruling pronounced by the Authority for Advance Rulings and
duly signed by the Members to be sent to each of the applicants and to the Commissioner of
Customs shall be certified to be a true copy of its original by the Commissioner, Authority for
Advance Rulings, or any other officer duly authorized by the Commissioner, Authority for
Advance Rulings, as the case may be.
Q-42: Which one is correct on the legal provisions on Authority for Advance Rulings in Customs?
(i) Chapter V-B of the Customs Act, 1962
(ii) From Section 28E to Section 28M of the Customs Act, 1962
(iii) The Customs (Advance Rulings) Rules, 2002

(iv) All of the above
A-42: iv - All of the above
Q-43: Explain the benefit on Advance Rulings
A-43: Obtaining an advance ruling helps the applicant in planning their activities which are
liable for payment of Customs duty well in advance. It also brings certainty in determining
the duty/tax liability, as the ruling given by the Authority for Advance Ruling is binding on
the applicant as well as Government authorities. Further, it helps in avoiding long drawn and
expensive litigation at a later date. Seeking an advance ruling is inexpensive and the
procedure is simple and expeditious.
Q-44: Which one is correct on an objective for setting up Advance Ruling?
(i) To provide certinty in tax liability under Customs Laws in advance in relation to an
activity proposed to be undertaken by the Applicant
(ii) To attract Foreign Direct Investment (FDI) and reduce litigation
(iii) To pronounce ruling expediously in transparent and inexpensive manner

(iv) All of the above
A-44: iv - All of the above
Q-45: Explain the procedure on receipt of Advance Ruling Application
A-45: The following procedures on receipt of Advance Ruling Application are:
(i) On receipt of an application, the Authority shall cause a copy thereof to be
forwarded to the Commissioner of Customs and, if necessary, call upon him to
furnish the relevant records:

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