Amendment status not verified — confirm the current text below against the official source.
In section 54 of the principal Act,— (a) in sub-section (8), in clause (a), for the words “zero-rated supplies”, the words "export" and "exports" shall respectively be substituted; (b) in the Explanation, in clause (2),–– Amendment of section 48. Amendment of section 49. Insertion of new sections 49A and 49B. Utilisation of input tax credit subject to certain conditions. Order of utilisation of input tax credit. Amendment of section 52. Amendment of section 54. 8 THE GAZETTE OF INDIA EXTRAORDINARY [PART II— (i) in sub-clause (c), in item (i), after the words “foreign exchange”, the words “or in Indian rupees wherever permitted by the Reserve Bank of India” shall be inserted; (ii) for sub-clause (e), the following sub-clause shall be substituted, namely:–– “(e) in the case of refund of unutilised input tax credit under clause (ii) of the first proviso to sub-section (3), the due date for furnishing of return under section 39 for the period in which such claim for refund arises;”.