Amendment of section 54

(1) In sub-section (8), in clause (a), for the words "zero rated supplies of goods or services or both", the word "export" shall be substituted and for the words "zero rated supplies", the word "exports" shall be substituted. (2) In the Explanation, in clause (2),— (a) in sub-clause (c), in item (i), after the words "in foreign currency", the words "or in Indian rupees, wherever permitted by the Reserve Bank of India," shall be inserted; (b) for sub-clause (e), the following sub-clause shall be substituted, namely:- "(e) in the case of refund of unutilised input tax credit under clause (ii) of the first proviso to sub-section (3), the due date for furnishing of return under section 39 for the period in which such claim for refund arises."