Customs Authority for Advance Rulings Regulations 2021 notified
Customs Authority for Advance Rulings Regulations 2021
CBIC has notified Customs Authority for Advance Rulings Regulations, 2021. The notification has been issued in exercise of the powers conferred by section 157 read with sub-section (1) of section 28H, sub-section (1) of section 28KA and sub-section (1) of section 28M of the Customs Act, 1962 (52 of 1962) and in supersession of the Authority for Advance Rulings (Customs, Central Excise and Service Tax) Procedure Regulations, 2005.
The new Regulation come into force from 4th January 2021.
The Advance Ruling The Authority shall have the power to hear and determine all applications and petitions, , reopen the hearing, examine of records and submission of report, conduct enquiry etc.
The Authority is vested with all the powers of a civil court in regard to the discovery and inspection, enforcing the attendance of any person and examining him on oath, issuing commissions; and compelling production of books of account and other records.
An application for obtaining an advance ruling is to be made in Form CAAR-1 before the jurisdictional Authority either at Delhi or Mumbai.
The applicant may withdraw his application within two weeks from the date of the application and thereafter only with the leave of the Authority
The Principal Commissioner or Commissioner are authorised to file appeal against the advance ruling in terms of sub-section (1) of section 28KA.
An authorised representative shall appear before the Authority in dress specified for the members of his profession by the competent professional body, if any.
Download Notification Click Here >>
- Non-deduction of TDS does not make transaction as unexplained in the hands of deductee – ITAT
- Last date to submit MEF 2026-27 extended to 09.09.2026
- Validity of demand u/s 156 for default u/s 115-O, if assessment order u/s 143(3) has Nil demand
- Issue already examined and adjudicated by CIT(Appeals), can’t be reopened on same set of facts
- TDS can’t be denied for non deposit of tax deducted by the deductor – High Court
