https://www.taxtmi.com/caselaws?id=772567 CESTAT Chennai ruled that Danazol, a bulk drug, qualifies for classification under Sl. No. 47A of Notification No. 4/2006-CE rather than as 'drug or medicine' under Sl. No. 47B. The Tribunal applied the definition from Drugs (Price Control) Order, 1995, noting that 'drug' includes 'bulk drug' and formulations. Following precedent from the appellant's earlier case, the Tribunal allowed the benefit of Sl. No. 47A classification for Danazol and held that credit reversal under Rule 6(3) of CENVAT Credit Rules, 2004 is subject to departmental verification. The impugned order was set aside and appeal allowed. en-us Fri, 06 Jun 2025 00:00:00 +0530 Wed, 11 Jun 2025 08:36:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772567 CESTAT Chennai ruled that Danazol, a bulk drug, qualifies for classification under Sl. No. 47A of Notification No. 4/2006-CE rather than as 'drug or medicine' under Sl. No. 47B. The Tribunal applied the definition from Drugs (Price Control) Order, 1995, noting that 'drug' includes 'bulk drug' and formulations. Following precedent from the appellant's earlier case, the Tribunal allowed the benefit of Sl. No. 47A classification for Danazol and held that credit reversal under Rule 6(3) of CENVAT Credit Rules, 2004 is subject to departmental verification. The impugned order was set aside and appeal allowed. Case-Laws Central Excise Fri, 06 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772567