TaxTMI 
TaxTMI 
Ayurvedic Medicaments eligible for duty concession under Notification No. 75/94-C.E.
X X X X Extracts X X X X
X X X X Extracts X X X X
....from Excise Duty on Medicaments used in Ayurvedic system under Notification No. 75/94-C.E. Ayurvedic system of medicines prepared in accordance with the formulae given in the authoritative books specified in the First Schedule to the Drugs and Cosmetics Act and sold under a generic name are fully exempt from excise duty under Notification No. 75/94-C.E., dated the 29th March, 1994. The scope of ....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... increase the shelf life or to make it in a convenient form or to be palatable. Such ingredients are reported to be not having any therapeutic value. However, the benefit of exemption from excise duty is being denied on the ground that such medicaments are not strictly being manufactured as per the standard text-books which is a condition prescribed under the said notification. 3. The matter has ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....hnical Advisory Board under the Ministry of Health and Family Welfare were consulted, who has opined that significant changes have taken place in the process of making of ayurvedic medicines and preservatives, inner excipients like starch, lactose and willing agents like sodium laurel sulphate are nowadays widely used. They are in favour of allowing use of preservatives by the manufacturers of ayu....