Chapter V of Finance Act, 1994
  • Section

1[Applicability of advance ruling.

96E. (1) The advance ruling pronounced by the Authority under section 96D shall be binding only-

(a)  on the applicant who had sought it;

(b)  in respect of any matter referred to in sub-section (2) of section 96C;

(c)  on the 2[Principal Commissioner of Central Excise or] Commissioner of Central Excise, and the Central Excise authorities subordinate to him, in respect of the applicant.

(2) The advance ruling referred to in sub-section (1) shall be binding as aforesaid unless there is a change in law or facts on the basis of which the advance ruling has been pronounced.]

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Notes :

1. Inserted by the Finance Act, 2003, w.e.f. 14-5-2003.

2. Inserted vide THE FINANCE (No. 2) ACT, 2014