India Amends Excise Notification: Effective Date Changed, New Exemptions for Anti-Tuberculosis Drugs and Diagnostic Equipment
The Government of India, through the Ministry of Finance, has issued Notification No. 40/2015-Central Excise to amend Notification No. 30/2013-Central Excise dated November 29, 2013. The amendment involves changing the effective date from October 1, 2015, to April 1, 2016, and revising the table of goods exempted from excise duty. The updated table includes various anti-tuberculosis drugs and diagnostic equipment, such as biosafety cabinets, bacteriologic incubators, and autoclaves, among others. This amendment is made under the powers conferred by the Central Excise Act, 1944, in the public interest.
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