DEPB credit calculation clarified: uniform credit for non specified constituents and exemption from bulk drug value caps for formulations. DEPB credit for chemical formulations depends on whether constituent bulk drugs are specified or non specified in the DEPB appendix: where all constituents are non specified a uniform credit applies irrespective of constituent weight; where all constituents are specified the credit is calculated per the note attached to the DEPB entry for specified formulations. Value caps applicable to bulk drugs do not apply to chemical formulations and customs must not impose those caps on such formulations.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
DEPB credit calculation clarified: uniform credit for non specified constituents and exemption from bulk drug value caps for formulations.
DEPB credit for chemical formulations depends on whether constituent bulk drugs are specified or non specified in the DEPB appendix: where all constituents are non specified a uniform credit applies irrespective of constituent weight; where all constituents are specified the credit is calculated per the note attached to the DEPB entry for specified formulations. Value caps applicable to bulk drugs do not apply to chemical formulations and customs must not impose those caps on such formulations.
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