Central Excise - Excise duty exemption to formulations containing Penicillin + Streptomycin under Notification No. 29/88-C.E., dated 1-3-1988 - Clarification regarding

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....rcular No. 34/90-CX.3 Dated 11-7-1990 [From F. No. 103/7/90-CX.3] Government of India Ministry of Finance (Department of Revenue) Central Board of Excise & Customs, New Delhi Subject : Central Excise - Excise duty exemption to formulations containing Penicillin + Streptomycin under Notification No. 29/88-C.E., dated 1-3-1988 - Clarification regarding. Doubts have been expressed regarding le....

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....adication Programme" in the First Schedule to the said order whereas "Pencillin" is specified as Sl. No. 95 of Schedule II of the said Order. Therefore, in terms of Notification No. 29/88-C.E., dated 1-3-1988 the rate of duty will be as follows :- (i) there is no excise duty on Streptomycin; (ii) Pencillin Injections are required to pay basic excise duty of 10% ad valorem; (iii) Formulations co....