MRP based duty on Medicaments
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....tion 4A of the Central Excise Act, 1944 (1 of 1944), the Central Government hereby specifies the goods mentioned in column (3) of the Table below and falling under Chapter or Heading No. of the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) mentioned in the corresponding entry in column (2) of the said Table, as the goods to which the provisions of the said sub-section (2) shall....
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....retail price displayed by the manufacturer under the provisions of the Drugs (Prices Control) Order,1995. Explanation 2.- For the purposes of this notification, "Patent or proprietary medicaments" means any drug or medicinal preparation, in whatever form, for use in the internal or external treatment of, or for the prevention of ailments in human beings or animals, which bears either on itself or....
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....ting or so as to indicate a connection in the course of trade between the medicine and some person, having the right either as proprietor or otherwise to use the name or mark with or without any indication of the identity of that person.] F.No.354/100/2004-TRU V.Sivasubramanian Deputy Secretary to the Government of India *********************************** Notes : 1. For the word "Chapter",....
TaxTMI
TaxTMI