(1) The principal shall, subject to such conditions and restrictions as may be
\nprescribed, be allowed input tax credit on inputs sent to a job worker for job work.
\n(2) Notwithstanding anything contained in clause (b) of sub-section (2) of section 16,
\nthe principal shall be entitled to take credit of input tax on inputs even if the inputs are
\ndirectly sent to a job worker for job work without being first brought to his place of business.
\n(3) Where the inputs sent for job work are not received back by the principal after
\ncompletion of job work or otherwise or are not supplied from the place of business of the job
\nworker in accordance with clause (a) or clause (b) of sub-section (1) of section 143 within
\none year of being sent out, it shall be deemed that such inputs had been supplied by the
\nprincipal to the job worker on the day when the said inputs were sent out:
\nProvided that where the inputs are sent directly to a job worker, the period of one year
\nshall be counted from the date of receipt of inputs by the job worker.
\n(4) The principal shall, subject to such conditions and restrictions as may be prescribed,
\nbe allowed input tax credit on capital goods sent to a job worker for job work.
\n(5) Notwithstanding anything contained in clause (b) of sub-section (2) of section 16,
\nthe principal shall be entitled to take credit of input tax on capital goods even if the capital
\ngoods are directly sent to a job worker for job work without being first brought to his place
\nof business.
\n(6) Where the capital goods sent for job work are not received back by the principal
\nwithin a period of three years of being sent out, it shall be deemed that such capital goods
\nhad been supplied by the principal to the job worker on the day when the said capital goods
\nwere sent out:
\nProvided that where the capital goods are sent directly to a job worker, the period of
\nthree years shall be counted from the date of receipt of capital goods by the job worker.
\n(7) Nothing contained in sub-section (3) or sub-section (6) shall apply to moulds and
\ndies, jigs and fixtures, or tools sent out to a job worker for job work.
\nExplanation.\u2013\u2013For the purpose of this section, \u201cprincipal\u201d means the person referred
\nto in section 143.<\/li>\n<\/ol>\n <\/p>\n
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