Transitional provisions relating to Job work

(1) Where any inputs received at a place of business had been despatched as such or despatched after being partially processed to a job worker for further processing, testing, repair, reconditioning or any other purpose in accordance with the provisions of existing law prior to the appointed day and such inputs are returned to the said place on or after the appointed day, no tax shall be payable if such inputs, after completion of the job work or otherwise, are returned to the said place w iin six months from the appointed day: Provided that the period of six months may, on sufficient Cause being shown, be extended by the Commissioner for a further period not exceeding two n onths: Provided further that if such inputs are not returned within the Period specified in this sub-section, the input tax credit shall be liable to be recovered in accordance with the provisions of clause (a) of sub-section (8) of section 142.

(2) Where any semi-finished goods had been despatched from the place of business to any other premises for carrying out certain manufacturing processes in accordance with theprovisions of existing law prior to the appointed day and such goods (hereafter in this sub-section referred to as " the said goods") are returned to the said place on or after the appointed day, no tax shall be payable if the said goods, after undergoing manufacturing processes or otherwise, are returned to the said place within six months from the appointed day: Provided that the period of six months may, on sufficient Cause being shown, be extended by thr commissioner for a Further period not exceeding two months: