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Taxes and Duties on Medicines and Chemicals

Dated:- 8-5-2015 - The Government provides concessions in cess and taxes on some medicines sold in the country. At present, life saving drugs or medicines specified in the List 4 annexed to the Notification No. 12/2012-Customs dated 17th March, 2012 (Sl. No. 148) of Government of India, Ministry of Finance, Department of Revenue vide G.S.R. 185 (E) dated 17th March, 2012 and bulk drugs (chemicals) used in the manufacture of such life saving drugs or medicines are exempt from basic customs duty a .....

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