Scheduled formulations subjected to re-printing, re-labeling, re-packing or stickering in pursuance of DPCO provisions granted CE exemption
THE Central Government has granted conditional exemption to 'scheduled formulations' as defined under the DPCO, 2013 falling under Chapter 30 of the CETA, 1985 and which are subjected to re-printing, re-labeling, re-packing or stickering, in a premises which is not registered under the CEA, 1944 or the CER, in pursuance of the provisions contained in the said DPCO, from whole of the duty of excise leviable thereon subject to the following conditions, namely,
(i) The scheduled formulations, in respect of which the manufacturer is liable to ensure that the Maximum Retail Price (MRP) of such formulation does not exceed the ceiling price within forty-five days of the date of notification of the ceiling price by National Pharmaceuticals Pricing Authority (NPPA), have been removed from the place of removal on payment of appropriate duty;
(ii) The re-printing, re-labeling, re-packing or stickering, of the scheduled formulations results in downward revision of the MRP;
(iii) In respect of a given scheduled formulation, the exemption shall be valid for a period of forty-five days from the date of publication of the notification of the ceiling price in respect of such scheduled formulation by NPPA or such extended period not exceeding thirty days as may be permitted by the Department of Pharmaceuticals;
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Now, for the words thirty days the words "ninety days" are substituted.
This is slightly complicated. Please see 31.07.2013 and Scheduled Formulations - Unmaking of Notification No.22/13-CE.
Notification No. , Dated: November 26, 2013