(1)The amounts received from the seller or sender in respect of the goods returned to him by importer referred to in sub-rule (1) of rule 3 shall be deducted from the value of notified goods liable to tax provided that the goods were returned within a period of six months from the date of delivery of the goods and the accounts of the importer show the date on which the goods were returned and the date on which and the amount for which the refund was received.



(2) In determining the value of notified goods liable to tax, the value of notified goods brought into a local area from outside the State by an importer referred to in sub-rule (1) of rule 3 but subsequently sent out of State by way of sale shall be deducted, provided that the notified goods are sent out of the State within a period of six months from the date of entry of such notified goods into the local area and the accounts of the importer, show particulars of such sale.



(3) The amount paid as tax by an importer, not being a dealer, referred to in clause (a) of sub-rule (6) of rule 3, shall be refunded by the Assessing Authority on an application filed by the importer in Form XI, on such notified goods when returned within a period of one month from the date of causing of entry of goods into the local area.



Provided that, no tax shall be refunded unless the importer furnishes, to the satisfaction of the assessing authority, the proof of returning the goods to the seller within a period of one month from the date of causing of entry of the notified goods into the local area.