Overview

Advance Ruling is defined as a written decision provided by the authorities (Customs) to traders (upon request) prior to the transaction, which sets forth a transparent and formal process for the treatment of goods with regard to the: Goods’ Tariff Classification Rules of Origin Valuation Advance Ruling is Trade Facilitation Measure and success depends upon how well structured. When analyzing a scheme you need to consider various points such as statutory provisions, definitions, authority, jurisdiction, scope, eligibility criteria, application rejection criteria, process, timelines, how the process of natural justice is incorporated, binding of the outcome, the validity of outcome, modification, and rectification and finally provision process of appeal.