Cap. 395 Art. 56Refund of tax.

(1) Subject to the provisions of this Act, in any case where the Director is satisfied that the tax paid by a registered person is in excess of the amount payable for any taxable period, he shall is made by or on behalf of the registered person before the expiration of the said period.

(2) When a registered person buys a product on which ETI and ETP has been paid, and such a product would have been exempt from ETI had it been imported by the said registered person for the purposes set out in the First Schedule to this Act, other than an exemption listed under item 26 of the First Schedule, such person shall be entitled to a refund at the rate of sixteen per cent of the price of the product purchased or such other percentage as may be prescribed: Provided that in respect of hotels, the refund aforesaid shall be at the rate of twelve per cent or such other percentage as may be prescribed.