Analysis
This section provides that –
(i) The Government, is vested with powers to notify certain agencies on the recommendation of the Council, to be entitled to claim refund.
(ii) The agencies that can be notified are –
(a) any specialized agency of the United Nations Organization or
(b) any Multilateral Financial Institution and Organization notified under the United Nations (Privileges and Immunities) Act, 1947,
(c) any other person or class of persons as may be specified.
(iii) In addition to the above, Consulate or Embassy of foreign countries would also be eligible for refund.
(iv) The agencies mentioned above would be entitled to claim a refund of taxes paid on the notified supplies of goods or services or both received by them. The refund claim is subject to such conditions and restrictions as may be prescribed,