Tax treatment of returned goods: transitional exemption applies if goods removed for testing are returned within the prescribed period. Transitional provision: where goods removed before the appointed day for tests or other processes and returned on or after the appointed day, no tax is payable if returned within the prescribed transitional period; the period may be extended on sufficient cause by the competent authority; tax is payable if returned after the prescribed or extended period; manufacturer or consignor may transfer the goods under earlier law on payment of tax in India or without payment for export within the prescribed or extended period.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax treatment of returned goods: transitional exemption applies if goods removed for testing are returned within the prescribed period.
Transitional provision: where goods removed before the appointed day for tests or other processes and returned on or after the appointed day, no tax is payable if returned within the prescribed transitional period; the period may be extended on sufficient cause by the competent authority; tax is payable if returned after the prescribed or extended period; manufacturer or consignor may transfer the goods under earlier law on payment of tax in India or without payment for export within the prescribed or extended period.
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