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An advance ruling is an opinion or decision under the GST law given by Authority of Advance Rulings (AAR). It is issued in response to an advance ruling application in form ARA-01, filed either by a GST registered person or any unregistered person.

For example, an advance ruling on classification or valuation can influence the price an importer is willing to pay a foreign supplier or the price at which the importer resells the goods.

A written statement issued by U.S. customs authorities that interprets and applies customs laws and regulations to a specific set of facts about a prospective transaction.

Filing an application (FORM GST ARA-01) for seeking Advance Ruling by Registered Taxpayers and Tracking or Taking Action in the Subsequent Proceedings.

An application for an advance ruling shall cover only one (1) product or item. The application for advance ruling shall be filed at least ninety (90) days before the importation or exportation of the product item, as the case may be.

An application (in quadruplicate) for advance ruling shall be made by a resident applicant,for determination of his tax liability arisingout of one or more transactions valuing Rs. 100 crore or more in total which has been undertaken or is proposed to be undertaken by him,in Form No. 34DA.

Advance rulings enhance certainty and predictability of cross-border trade transactions. Disputes at the actual moment of release or clearance with the Customs authority on tariff headings, valuation and origin, i.e. eligibility to preferential treatment, are reduced and consequently delays avoided.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232