Fourth Schedule
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....e of duty Medicinal preparations 1. Allopathic Medicinal Preparations:― (i) Medicinal preparations containing alcohol which are not capable of being consumed as ordinary alcoholic beverages- (a) Patent or proprietary medicines. Twenty per cent. ad valorem or rupees six and sixty paise per litre of pure alcohol content, whi....
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.... Medicinal preparations in Ayurvedic, Unani or other indigenous systems of medicine― (i) Medicinal preparations containing self-generated alcohol which are not capable of being consumed as ordinary alcoholic beverages. Nil. (ii). Medicinal preparations containing self-generated alcohol which are capable of being consumed as ordinary alcohol....
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....t or proprietary medicines" means any medicinal preparation which bears either on itself or on its container or both, a name which is not specified in a monograph in a pharmacopoeia, formulary or other publications notified in this behalf by the Central Government in the Official Gazette, or which is a brand name, that is, a name or a registered trade-mark under the Trade and Merchandise Marks Act....
TaxTMI