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of <h1>No tax on inputs/semi-finished/excisable goods sent to job workers before appointed day if returned within six months; commissioner may extend</h1> Inputs, semi-finished goods and excisable goods sent to job workers or other premises before the appointed day and returned within six months to the original place of business attract no tax; the Commissioner may extend this period by up to two months for sufficient cause. Failure to return within the period leads to recovery of input tax credit under the relevant provision. A manufacturer may transfer such goods to a registered person for supply (on payment of tax) or for export (without payment) within the period. Exemption requires the manufacturer and job worker to declare stocks held on the appointed day in the prescribed manner.
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