| (1) | An advance ruling ceases to be effective if— |
| (a) | a provision of this Act affecting the advance ruling is repealed or amended and that repeal or amendment renders the advance ruling incompatible with this Act; |
| (b) | a court in a final judgement places an interpretation on a provision of this Act which renders the advance ruling legally incorrect and interpreting that provision was necessary for deciding the case before the court; |
| (c) | in the case of an advance tariff ruling, an amendment to an international instrument referred to in section 47(8) affects the ruling; |
| (d) | in the case of an advance valuation ruling, an amendment to an international instrument referred to in section 74A affects the ruling; or |
| (e) | in the case of an advance origin ruling, an amendment to an international instrument referred to in section 49(2) relating to applicable rules of origin, affects the ruling. |
| (2) | An advance ruling ceases to be effective immediately upon the occurrence of the circumstances described in subsection (1). |
[Chapter IXA(74L) 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))]
