ISLAMABAD: Federal Board of Revenue (FBR) notified rules for issuing advance ruling in various types of cases.
The FBR issued SRO 1213(I)/2020 dated November 11, 2020 to make amendments in Customs Rules, 2001.
Previously, the FBR issued SRO 965(I)/2020 dated October 05, 2020 to issue draft rules for advance ruling.
Through the latest SRO the FBR finalized the rules for advance ruling. The FBR said that advance ruling shall be issued in following cases, namely:
(a) Classification of goods under first schedule to the Customs Act, 1969;
(b) Determination of origin of the goods under the rules of origin notified for bilateral and multilateral agreements; and
(c) Applicability of notifications issued in respect of duties under Customs Act, 1969 or any tax or duty chargeable under any of the law for the time being in force in the same manner as duty of customs leviable under the Customs Act.
The FBR said that an applicant can make an application on to the secretary advance ruling committee, stating the question on which the advance ruling is sought.
The applicant shall submit an undertaking stating that to the best of the applicant’s knowledge, no issues concerning the goods for which a ruling is sought, is pending before any customs office or port of entry or before any adjudicating authority, tribunal or court.
For the processing of the application, the advance ruling committee may direct the applicant to appear in person or through his authorized representative before the committee to present their view point and to address any queries of the committee. The committee will pass the order within ninety days from receipt of application with all requisite documents.
