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Effective rates of duty on various categories of P or P medicaments

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....rnment hereby exempts patent or proprietary medicaments of the description specified in column (2) of the Table hereto annexed and falling under Heading No. 30.03 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), from so much of the duty of excise leviable thereon which is specified in the said Schedule as is in excess of the amount calculated at the rate specified in the corresp....

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....gical use; Nil 2. Single ingredient formulations based on the list of bulk drugs (including salts, esters and derivatives, if any) specified in the Second Schedule to Drugs (Prices Control) Order, 1987, as amended from time to time. 10% ad valorem Explanation. - For the purposes of this notification, - (a) the expression "formulations" means medicaments processed out of or containing one or ....