Effective rate caps on excise duty for specified bulk drugs and medicinal substances limit levy to prescribed rates. The notification exempts goods under Chapters 28-30 from excise duty to the extent that duty exceeds the amount calculated at the effective rate specified in the annexed Table, thereby capping levy at the stated rates for listed bulk drugs, medicinal grade gases and anaesthetics; it adopts the Drugs (Prices Control) Order definition for 'bulk drug.'
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.
Effective rate caps on excise duty for specified bulk drugs and medicinal substances limit levy to prescribed rates.
The notification exempts goods under Chapters 28-30 from excise duty to the extent that duty exceeds the amount calculated at the effective rate specified in the annexed Table, thereby capping levy at the stated rates for listed bulk drugs, medicinal grade gases and anaesthetics; it adopts the Drugs (Prices Control) Order definition for "bulk drug."
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