| Date: |
07-01-2005
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| Notification No: |
Central Excise Notification No 2/2005 CE(NT)
|
| Issuing Authority: |
Central Excise
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| Type: |
Non Tariff
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| File No: |
F.No.354/100/2004-TRU |
| Subject: |
Prescribes MRP based levy on medicaments.
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7th January, 2005
Notification No. 2/2005-Central Excise (N.T.)
In exercise of the powers conferred by sub-section (1) and sub-section (2) of section 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. or Sub-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 apply, and allows as abatement the percentage of retail sale price mentioned in the corresponding entry in column (4) of the said Table:-
TABLE
| S. No. |
Chapter or Heading No. or Sub-heading No. |
Description |
Abatement as a percentage of retail sale price |
| (1) |
(2) |
(3) |
(4) |
| 1. |
3003. 10 |
Patent or proprietary medicaments, other than those medicaments which are exclusively Ayurvedic, Unani, Siddha, Homoeopathic or Bio-chemic |
35% |
| 2. |
3003. 20 |
Medicaments (other than patent or proprietary) other than those which are exclusively used in Ayurvedic, Unani, Siddha, Homoeopathic or Bio-chemic systems |
35% |
2. This notification shall come into force on the 8th day of January, 2005.
Explanation - For the purposes of this notification, “ retail sale price” means the retail price displayed by the manufacturer under the provisions of the Drugs (Prices Control) Order, 1995.
F.No.354/100/2004-TRU
V.Sivasubramanian
Deputy Secretary to the Government of India
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