Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Exempted goods returned within six months of the appointed day remain tax-free if initially exempt under previous law.</h1> Exempted goods returned to a business on or after the appointed day are not subject to tax if they were initially exempt under the previous law and returned within six months from the appointed day. These goods must be identifiable to the satisfaction of the proper officer. If the goods are returned after six months and are taxable under the current Act, the person returning them must pay the applicable tax. This provision applies to goods exempted from duty or tax under earlier laws and returned within the specified timeframe.