TaxTMI 
TaxTMI 
Notification benefit
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....otification benefit<br> Query (Issue) Started By: - MK Singh Dated:- 29-12-2023 Last Reply Date:- 26-4-2024 Customs - Exim - SEZ<br>Got 4 Replies<br>Customs<br>What is difference between Drugs and Bulk Drugs? In Notification Number 50/2017 at Sr no. 167(A), for availing notification benefit, IGCRD certificate is required for bulk drugs, however some importers were treating bulk drugs as drugs. Gu....
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....idance is solicited. Reply By KASTURI SETHI: The Reply: Drug includes bulk drugs and formulations. See the judgement in the case of Balakrishna Pillai Vs. Matha Medicals - 1991 (1) TMI 465 - SUPREME COURT, . This an extract from a dictionary. Also see the definition of "drugs" and "substances" under Section 3 (b) of Drugs and Cosmetics Act, 1940. Reply By MK Singh: The Repl....
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....y: Sir, if we count drugs and bulk drugs as same then what is the purpose of the Notification No. 50/2017 at Sr. No. 167(A) and (B). It renders the notification related to bulk drugs null and void. Please comments. Reply By KASTURI SETHI: The Reply: Both are not the same. Bulk drug is one of the kinds of drugs. As per dictionary, the definition of "Drugs" is comprehensive enough to ta....
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....ke in not only medicines but also substances. It is an umbrella which have so many drugs, medicines & substances. Also see Section 3 of Drug & Cosmetics Act, 1940 Reply By raghunandhaanan rvi: The Reply: Active pharmaceutical ingredients (APIs) are commonly referred to as bulk drugs. These are the primary ingredients or raw materials that provide therapeutic effects to a drug or medicine. The p....
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....rocess of mixing these ingredients (bulk drugs) to produce a specific drug or medicine is known as formulation.<br> Discussion Forum - Knowledge Sharing ....