https://www.taxtmi.com/acts?id=49757 The substituted Schedule prescribes ad valorem excise duty rates for allopathic, Ayurvedic/Unani/indigenous, homoeopathic and toilet preparations according to alcohol content, narcotic content and method of preparation. It defines "patent or proprietary medicines" for classification, mandates valuation by reference to the Central Excise Act, 1944 where duties depend on value, and permits the Central Government to specify notified goods for valuation by declared retail sale price with allowable abatements and rules for multiple or area-specific retail prices. en-us Mon, 24 Feb 2025 17:57:09 +0530 Mon, 24 Feb 2025 17:57:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49757 The substituted Schedule prescribes ad valorem excise duty rates for allopathic, Ayurvedic/Unani/indigenous, homoeopathic and toilet preparations according to alcohol content, narcotic content and method of preparation. It defines "patent or proprietary medicines" for classification, mandates valuation by reference to the Central Excise Act, 1944 where duties depend on value, and permits the Central Government to specify notified goods for valuation by declared retail sale price with allowable abatements and rules for multiple or area-specific retail prices. Act-Rules F. Acts / Amendment Acts Mon, 24 Feb 2025 17:57:09 +0530 https://www.taxtmi.com/acts?id=49757