(1) In the case of loss of an item under the following circumstances, an application must be submitted to the tax officer within the following period with proof for the tax paid on such an item:-
(a) In the case of goods damaged due to fire, theft, accident, breakage, vandalism, within thirty days from the date of such occurrence,
(b) In the case of expired products, within November 25th for products that have expired from July to October, within January 25th for products that have expired from November to April, within 25th of Baisakh for products that have expired from January to April, and within July 25th for products that have expired from May to June. (2) If it is found that there has been a loss during the investigation of the application made under sub-rule (1), the tax officer may deduct the tax paid on the item with such loss. However, in the case of insured items, the taxpayer can deduct the amount to the extent of compensation received.