https://www.taxtmi.com/caselaws?id=73638 Products manufactured under a licence governed by the Drugs and Cosmetics Act, 1940 were treated as drugs and medicines for exemption purposes because the trade meaning, in that statutory setting, aligned with Section 3(b). The Court also stated that tax collected without authority of law was refundable, and on the then prevailing view the doctrine of unjust enrichment did not defeat the refund claim; the claim was not rejected as time-barred merely because tax had continued to be paid until exemption was asserted. Immediate interest on the refund was declined, with interest to arise only if repayment was not made within the stipulated period. en-us Tue, 03 Feb 1987 00:00:00 +0530 Sat, 14 Jan 2012 14:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=73638 Products manufactured under a licence governed by the Drugs and Cosmetics Act, 1940 were treated as drugs and medicines for exemption purposes because the trade meaning, in that statutory setting, aligned with Section 3(b). The Court also stated that tax collected without authority of law was refundable, and on the then prevailing view the doctrine of unjust enrichment did not defeat the refund claim; the claim was not rejected as time-barred merely because tax had continued to be paid until exemption was asserted. Immediate interest on the refund was declined, with interest to arise only if repayment was not made within the stipulated period. Case-Laws VAT and Sales Tax Tue, 03 Feb 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73638