Health and Nutrition Gets Major Boost in the Budget 2012-13; Six Life Saving Drugs Exempted from Excise Duty. https://www.taxtmi.com/news?id=2922 Specified life saving drugs and vaccines are placed under a concessional basic customs duty regime and granted full exemption from excise duty and countervailing duty. Tariff reductions were also announced for soya protein concentrate and isolated soya protein, combined reductions in customs and excise duties for iodine, and a lowered basic customs duty for probiotics, aimed at reducing tax-incorporated costs for health and nutrition inputs. en-us Fri, 16 Mar 2012 13:58:22 +0530 Fri, 16 Mar 2012 13:58:22 +0530 TaxTMI RSS Generator Health and Nutrition Gets Major Boost in the Budget 2012-13; Six Life Saving Drugs Exempted from Excise Duty. https://www.taxtmi.com/news?id=2922 Specified life saving drugs and vaccines are placed under a concessional basic customs duty regime and granted full exemption from excise duty and countervailing duty. Tariff reductions were also announced for soya protein concentrate and isolated soya protein, combined reductions in customs and excise duties for iodine, and a lowered basic customs duty for probiotics, aimed at reducing tax-incorporated costs for health and nutrition inputs. News - Fri, 16 Mar 2012 13:58:22 +0530 https://www.taxtmi.com/news?id=2922