https://www.taxtmi.com/caselaws?id=73810 Notification No. 234/82-C.E. was applied to deny exemption for imported cholesterol because the bulk drug definition was taken to require conformity with pharmacopoeia standards and use for diagnosis, treatment, mitigation or prevention of disease, whether by itself or as a formulation ingredient. The material on record showed the product was used mainly as an emulsifying agent and anti-irritant, and no sufficient evidence established therapeutic or preventive properties within the notification. Mere possible use in a medicinal formulation was held insufficient to attract the exemption. One Member dissented and would have remanded the matter for further enquiry. en-us Wed, 29 Jul 1987 00:00:00 +0530 Fri, 03 Jun 2011 16:49:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=73810 Notification No. 234/82-C.E. was applied to deny exemption for imported cholesterol because the bulk drug definition was taken to require conformity with pharmacopoeia standards and use for diagnosis, treatment, mitigation or prevention of disease, whether by itself or as a formulation ingredient. The material on record showed the product was used mainly as an emulsifying agent and anti-irritant, and no sufficient evidence established therapeutic or preventive properties within the notification. Mere possible use in a medicinal formulation was held insufficient to attract the exemption. One Member dissented and would have remanded the matter for further enquiry. Case-Laws Central Excise Wed, 29 Jul 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73810