Section 25 C (2): Tax Paid in Purchase by the Drugs Industry to be Refunded

1) If a drug industry purchases raw material, associated raw material and packing material for the production of drugs from the domestic industry, such industry may submit an application to the tax officer to have tax paid on such purchase refunded every four months.

2) Upon receipt of any application pursuant to sub-section (1), the tax officer shall refund the amount determined to be refunded within sixty days of submission of such application.