TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Central Govt mandates MRP-based duty on certain medicaments with 42.5% abatement; excludes Ayurvedic and similar types.</h1> The notification specifies that the Central Government, under the Central Excise Act, 1944, mandates MRP-based duty on certain medicaments. It applies to patent or proprietary medicaments, excluding those exclusively Ayurvedic, Unani, Siddha, Homoeopathic, or Bio-chemic, under Chapter or Heading No. 3003 or 3004 of the Central Excise Tariff Act, 1985. An abatement of 42.5% on the retail sale price is allowed. The notification clarifies the definition of 'retail sale price' and 'patent or proprietary medicaments' and came into force on February 1, 2007. It was later superseded by Notification No. 14/2008 CE (NT) dated March 1, 2008.
TaxTMI 
TaxTMI 
