What is Advance Ruling?
Advance Ruling An official decision issued by customs authorities before importation, providing legally binding classification, valuation, or origin information for specific goods.
Source: Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
How is “Advance Ruling” Used in Practice?
The importer requested an advance ruling from customs to confirm the tariff classification of their products before shipment.
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Who Needs to Know This Term?
- Freight Forwarders
- Supply Chain Managers
- Customs Brokers
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What is Advance Ruling?
An official decision issued by customs authorities before importation, providing legally binding classification, valuation, or origin information for specific goods.
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