https://www.taxtmi.com/caselaws?id=394506 Medical Oxygen IP and Nitrous Oxide IP were treated as drugs or medicines within Section 3(b)(i) of the Drugs and Cosmetics Act, 1940 because their ordinary and commercial understanding, together with their medical and pharmacological use, showed that they serve a diagnostic or therapeutic purpose. The Court relied on their recognition in the Indian Pharmacopoeia and the National List of Essential Medicines, and on prior treatment of such products, to conclude that they subserve a medicinal function. They therefore fall within Entry 88 of Schedule IV of the Andhra Pradesh Value Added Tax Act, 2005, rather than as unclassified goods under Schedule V. en-us Mon, 13 Apr 2020 00:00:00 +0530 Thu, 14 Jul 2022 17:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394506 Medical Oxygen IP and Nitrous Oxide IP were treated as drugs or medicines within Section 3(b)(i) of the Drugs and Cosmetics Act, 1940 because their ordinary and commercial understanding, together with their medical and pharmacological use, showed that they serve a diagnostic or therapeutic purpose. The Court relied on their recognition in the Indian Pharmacopoeia and the National List of Essential Medicines, and on prior treatment of such products, to conclude that they subserve a medicinal function. They therefore fall within Entry 88 of Schedule IV of the Andhra Pradesh Value Added Tax Act, 2005, rather than as unclassified goods under Schedule V. Case-Laws VAT and Sales Tax Mon, 13 Apr 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394506