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January 9, 2021

Central notifies Customs Authority for Advance Rulings Regulations, 2021

Reported By: Shreya Das

The Central Government of India, on January 6, 2021, notified the Customs Authority for Advance Rulings Regulations, 2021, under which the Customs Authority is empowered to hear and determine all applications and petitions . The Authority shall have all the powers of a civil court, namely discovery and inspections, enforcing attendance of any party, issuing commissions and compelling production books of accounts and other records. Currently, two Customs Authority for Advance Rulings (CAAR), viz CAAR, Delhi and CAAR, Mumbai have been notified.

Source: https://www.cbic.gov.in/resources//htdocs-cbec/legalaffairs/CAAR-Regulations-2021.pdf

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