Taking input tax credit in respect of inputs and capital goods sent for jobwork.

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....t on inputs sent to a jobworker for jobwork. (2) Notwithstanding anything contained in clause (b) of sub-section (2) of section 16, the principal shall be entitled to take credit of input tax on inputs even if the inputs are directly sent to a jobworker for jobwork without being first brought to his place of business. (3) Where the inputs sent for jobwork are not received back by the princip....

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....e entitled to take credit of input tax on capital goods even if the capital goods are directly sent to a jobworker for jobwork without being first brought to his place of business. (6) Where the capital goods sent for jobwork are not received back by the principal within a period of three years of being sent out, it shall be deemed that such capital goods had been supplied by the principal to t....