Advance Ruling

Advance ruling in Global Commerce Policy

In this regard, advance ruling is: binding advice by a competent authority on the legality of an action or its impact before the action is taken. For example, Article 509 of NAFTA requires the customs administrations of member countries to issue promptly a written advance ruling on its tariff treatment of a good before it is imported. The entries on trade policy are here. Importers and exporters alike may ask for such rulings.[1]

Advance rulingin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Advance ruling” entry (OAS)

See Also