https://www.taxtmi.com/caselaws?id=164489 A schedule-based concessional tax entry for formulations applied only when the product was composed of bulk drugs specifically covered by the relevant schedule. Panjon, containing acetyl salicylic acid, paracetamol and caffeine anhydrous, was found outside the concessional category because the combination included an ingredient not specified in the schedule. On the plain wording of the notification, a drug not listed as a scheduled bulk drug could not be treated as one merely because it was otherwise a drug. The product therefore fell under the residuary entry and attracted the higher rate of tax. en-us Tue, 27 Oct 2009 00:00:00 +0530 Wed, 29 Oct 2014 16:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164489 A schedule-based concessional tax entry for formulations applied only when the product was composed of bulk drugs specifically covered by the relevant schedule. Panjon, containing acetyl salicylic acid, paracetamol and caffeine anhydrous, was found outside the concessional category because the combination included an ingredient not specified in the schedule. On the plain wording of the notification, a drug not listed as a scheduled bulk drug could not be treated as one merely because it was otherwise a drug. The product therefore fell under the residuary entry and attracted the higher rate of tax. Case-Laws VAT and Sales Tax Tue, 27 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164489