Amendment status not verified — confirm the current text below against the official source.
(1) Where any inputs received at a placeof business had been despatchedas such or despatchedafter being partiallyprocessedto a jobworker for further processing, testing,repair,reconditioning or any other purpose in accordance with the provisionsof existinglaw prior to the appointeddayand such inputsare returned to the said placeon or after the appointedday,no tax shall be payableif such inputs,after completionof the jobwork or otherwise,are returned to the said placewithin six months from the appointedday: Provided that the periodof six months may, on sufficient cause beingshown, be extended· bythe Commissioner for a further periodnot exceeding two months: · Provided further that if such inputs are not returned within a periodof six months or the extended periodfrom the appointedday, the inputtax credit shall be liable to be recovered in accordance with the provisionsof clause (a) of sub-section (S)_ofsection