Taking input tax credit in respect of inputs and capital goods sent for job-work.

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..... on inputs sent to a job worker for job work. (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 job worker for job work without being first brought to his place of business. (3) Where the inputs sent for job work are not received back by the prin .....

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..... l shall be entitled to take credit of input tax on capital goods even if the capital goods are directly sent to a job-worker for job work without being first brought to his place of business. (6) Where the capital goods sent for job-work 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 pr .....

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