1998 (9) TMI 282 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi heard the appeal of M/s. P & B Pharmaceuticals (P) Ltd. regarding the disallowance of higher notional credit on bulk drugs. The Tribunal found that the Appellants were not eligible for notional credit as the rate of duty applicable to bulk drugs was 5%, making any notional credit higher than the actual duty paid. Therefore, the appeal was rejected.