Insertion of new section 23-I.
115. In the Central Excise Act, after section 23H, the following section shall be inserted, namely:-
Transitional provision.
“23-I. On and from the date on which the Finance Bill, 2017 receives the assent of the President, every application and proceeding pending before the erstwhile Authority for Advance Rulings (Central Excise, Customs and Service Tax) shall stand transferred to the Authority from the stage at which such application or proceeding stood as on the date of such assent.”.
Notes on Clauses:
Clause 115 of the Bill seeks to insert a new section 23-I in the Central Excise Act so as to provide for transferring the pending applications before the erstwhile Authority for Advance Rulings (Central Excise, Customs and Service Tax) to the Authority constituted under section 245-O of the Income-tax Act, from the stage at which such proceedings stood as on the date on which the Finance Bill, 2017 receives the assent of the President.
