Section 245-O, inter alia, provides for constitution of an Authority for Advance Rulings. This section has been amended (with effect from April 1, 2018) so as to provide that the said Authority shall cease to act as an Authority for Advance Rulings for the purpose of Chapter V of the Customs Act, 1962 on and from the date of appointment of Customs Authority for Advance Rulings under section 28EA of the Customs Act, 1962 and the Authority for Advance Rulings under section 245-O shall act as an Appellate Authority, for the purpose of Chapter V of the Customs Act, 1962 on and from the said date. Other relevant points are given below
1. The Authority for Advance Rulings under section 245-O shall not admit any appeal against any ruling or order passed earlier by it in the capacity of Authority for Advance Rulings for the purposes of Chapter V of the Customs Act after the date of appointment of Customs Authority for Advance Rulings.
2. Where the Authority for Advance Rulings under section 245-O is dealing with an application seeking advance ruling in the matters of the Income-tax Act, the revenue Member of the Bench shall be such member as referred to in sub-clause (i) of sub-section (3)(c).
3. Further, section 245Q has been amended so as to omit the provisions with regard to admissibility of applications for advance ruling under Chapter V of the Customs Act, 1962. |
