Customs and Excise Act, 1964 (Act No. 91 of 1964)Chapter IXA : Advance Rulings74G. Binding effect of advance ruling |
| (1) | An advance ruling binds both the recipient and the Commissioner. |
| (2) | An advance ruling must, to the extent applicable, be applied in— |
| (a) | any description or declaration provided in terms of section 40(1)(b) or (c) by or on behalf of the recipient in respect of the tariff, value or origin of goods of the class or kind specified in the ruling entered for any purpose in terms of this Act by or on behalf of the recipient; and |
| (b) | any tariff determination, value determination or origin determination or amendment of such a determination made or effected by the Commissioner in terms of section 47(9), 65(4) or 49(6), in relation to goods of the class or kind specified in the ruling entered in terms of this Act by or on behalf of the recipient. |
[Chapter IXA(74G) inserted by section 17(1) of the Tax Administration Laws Amendment Act, 2022 (Act No. 16 of 2022), Notice No. 1542, GG47827, dated 5 January 2023 - comes into effect on a date to be determined by the Minister by notice in the Government Gazette (section 17(2))]