Excise duty rates for medicinal and toilet preparations set by category and valuation rules via declared retail sale price provisions. The substituted Schedule prescribes ad valorem excise duty rates for allopathic, Ayurvedic/Unani/indigenous, homoeopathic and toilet preparations according to alcohol content, narcotic content and method of preparation. It defines 'patent or proprietary medicines' for classification, mandates valuation by reference to the Central Excise Act, 1944 where duties depend on value, and permits the Central Government to specify notified goods for valuation by declared retail sale price with allowable abatements and rules for multiple or area-specific retail prices.
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Provisions expressly mentioned in the judgment/order text.
Excise duty rates for medicinal and toilet preparations set by category and valuation rules via declared retail sale price provisions.
The substituted Schedule prescribes ad valorem excise duty rates for allopathic, Ayurvedic/Unani/indigenous, homoeopathic and toilet preparations according to alcohol content, narcotic content and method of preparation. It defines "patent or proprietary medicines" for classification, mandates valuation by reference to the Central Excise Act, 1944 where duties depend on value, and permits the Central Government to specify notified goods for valuation by declared retail sale price with allowable abatements and rules for multiple or area-specific retail prices.
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