AAR application under customs can be for only one good

In Re BASF India Limited (CAAR Mumbai) It is the applicant’s contention that there is nothing in the law which prohibits them from seeking advance rulings in respect of as many products as they may choose. They also seek to derive strength from the provisions of the General Clauses Act for this proposition. In my considered opinion, such an assertion flies in the face of logic and common sense. The scheme of advance ruling in customs envisages that an applicant can receive certainty in respect of their entry/exit tax liability prior to importation or exportation. The issues on which adva...