Increase in ad valorem excise duty for medicinal and toilet preparations via substitution of higher rate under rule. Under rule 8 of the Medicinal and Toilet Preparations (Excise Duties) Rules, 1956, Notification No. 1/2012-M & TP substitutes the entry 'Ten per cent. ad valorem' with 'Twelve per cent. ad valorem' wherever it appears in column (4) of the Table of the principal notification No. 2/2003-M&TP, thereby changing the specified ad valorem excise duty rate for the listed medicinal and toilet preparations.
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Increase in ad valorem excise duty for medicinal and toilet preparations via substitution of higher rate under rule.
Under rule 8 of the Medicinal and Toilet Preparations (Excise Duties) Rules, 1956, Notification No. 1/2012-M & TP substitutes the entry "Ten per cent. ad valorem" with "Twelve per cent. ad valorem" wherever it appears in column (4) of the Table of the principal notification No. 2/2003-M&TP, thereby changing the specified ad valorem excise duty rate for the listed medicinal and toilet preparations.
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