¹[219A. (1) On an application by any person or on a reference by an officer of Customs not below the rank of Commissioner or of its own motion, the Board may make customs rulings in respect of any matter specified in the application or reference, as the case may be, if the point raised in the application or reference relates to application of any provision of this Act or the rules to a specific situation or if such point relates to any tariff classification or duty rates or valuation of any goods for customs assessment purpose. (2) A customs ruling may be made within ²[forty five] working days of the receipt of the application or the reference, as the case may be. (3) The Board may decline to make a customs ruling on the ground of insufficient information furnished or in the absence of conclusive evidence provided in support of the contentions in the application or the reference. (4) The rulings made by the Board shall be binding upon the concerned persons and officers. (5) The Board may from time to time review and amend a customs ruling to correct any error contained in that ruling.]