Excise duty adjustment: specified alcohol containing medicinal and ayurvedic preparations now taxed at per litre rate or ad valorem, whichever is higher. Amendment modifies Schedule excise duties for alcohol containing medicinal and toilet preparations by introducing specified rupee per litre charges measured by strength in London proof spirit alongside existing ad valorem rates, and by inserting a new sub item imposing a per litre duty on ayurvedic preparations capable of consumption as ordinary alcoholic beverages; certain descriptive limits are removed and corresponding rate qualifications of 'or ten per cent ad valorem, whichever is higher' are added.
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Excise duty adjustment: specified alcohol containing medicinal and ayurvedic preparations now taxed at per litre rate or ad valorem, whichever is higher.
Amendment modifies Schedule excise duties for alcohol containing medicinal and toilet preparations by introducing specified rupee per litre charges measured by strength in London proof spirit alongside existing ad valorem rates, and by inserting a new sub item imposing a per litre duty on ayurvedic preparations capable of consumption as ordinary alcoholic beverages; certain descriptive limits are removed and corresponding rate qualifications of "or ten per cent ad valorem, whichever is higher" are added.
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