Clarification on Excise Duty: Streptomycin Exempt, Penicillin Injections at 10%, Combined Formulations at 15% Duty.

The circular from the Central Board of Excise & Customs clarifies the excise duty exemption status for formulations containing Penicillin and Streptomycin under Notification No. 29/88-C.E., dated March 1, 1988. Streptomycin, listed under the "National T.B. Eradication Programme," is exempt from excise duty, while Penicillin injections are subject to a 10% ad valorem duty. Formulations containing both Penicillin and Streptomycin do not qualify for the exemption and are subject to a 15% ad valorem duty. The circular advises that this clarification be communicated to relevant parties and that pending assessments be revised accordingly.

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