Section 54

(1) Any person claiming refund of any tax and interest, if any, paid on such tax or any other amount paid by him, may make an application before the expiry of two years from the relevant date in such form and manner as may be prescribed. (2) A specialised agency of the United Nations Organisation and other notified persons entitled to a refund of tax paid may make an application for such refund before the expiry of two years from the last date of the quarter in which such supply was received. (3) Subject to the provisions of sub-section (10), a registered person may claim refund of any unutilised input tax credit at the end of any tax period. (4) The application shall be accompanied by documentary evidence as may be prescribed. (5) If, on receipt of any such application, the proper officer is satisfied that the whole or part of the amount claimed as refund is refundable, he may make an order accordingly and the amount so determined shall be credited to the Fund.