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

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..... redit 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 jobworker for jobwork without being first brought to his place of business. ( 3 ) Where the inputs sent for jobwork are not received back .....

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..... 16, the principal shall be 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 sup .....

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