Insertion of new Chapter VB

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..... ent or resident, or a resident setting up a joint venture in India in collaboration with a non-resident, making application; (d) "application" means an application made to the Authority under sub-section (1) of section 28H; (e) "Authority" means the Authority for Advance Rulings constituted under section 28F; (f) "Chairperson" means the Chairperson of the Authority; (g) "Member" means a Member of the Authority and includes the Chairperson; and (h) "non-resident" shall have the meaning assigned to it in clause (30) of section 2 of the Income-tax Act, 1961 (43 of 1961). 28F. Authority for Advance Rulings.- (1) The Central Government shall, by notification in the Official Gazette, constitute an Authority for giving advance ruling .....

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..... of,- (a) classification of goods under the Customs Tariff Act, 1975 (51 of 1975); (b) applicability of a notification issued under sub-section (1) of section 25, having a bearing on the rate of duty; (c) the principles to be adopted for the purposes of determination of value of the goods under the provisions of this Act. (3) The application shall be made in quadruplicate and be accompanied by a fee of two thousand five hundred rupees. (4) An applicant may withdraw his application within thirty days from the date of the application. 28-I. Procedure on receipt of application.- (1) 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 .....

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..... being heard, either in person or through a duly authorised representative. Explanation.- For the purposes of this sub-section, "authorised representative" shall have the meaning assigned to it in sub-section (2) of section 146A. (6) The Authority shall pronounce its advance ruling in writing within ninety days of the receipt of application. (7) A copy of the advance ruling pronounced by the Authority, duly signed by the Members and certified in the prescribed manner shall be sent to the applicant and to the Commissioner of Customs, as soon as may be, after such pronouncement. 28J. Applicability of advance ruling.- (1) The advance ruling pronounced by the Authority under section 28-1 shall be binding only- (a) on the applicant w .....

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