Seeks to amend notification No. 49/2008- CE (N.T.), dated the 24th December, 2008, so as to prescribe MRP based assessment with 35% abatement thereon, for branded medicaments used in Ayurvedic, Unani, Sidha, Homeopathic or Bio-Chemic systems and to align the tariff lines relating to Pressure Cooker with HS 2012 .
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MRP based assessment for branded AYUSH medicaments establishes abatement and aligns tariff classification for pressure cookers.
Amendment prescribes MRP based assessment with a thirty-five percent abatement for branded medicaments used in Ayurvedic, Unani, Siddha, Homeopathic or Bio-chemic systems, substitutes tariff entries to align a pressure cooker heading, and replaces serial number 125 to define two categories of medicaments and a brand name definition.