Insertion of new section 96HA.
126. In the 1994 Act, after section 96H, the following section shall be inserted, namely:––
Transitional provision.
“96HA. 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 126 of the Bill seeks to insert a new section 96HA in the 1994 Act so as to provide for transferring the pending applications and proceedings 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 application or proceeding stood as on the date on which the Finance Bill, 2017 receives the assent of the President.
