21. Repeals and savings.-
If, immediately before the commencement of this Act, there is in force in any State any law corresponding to this Act, that law is hereby repealed :
Provided that all rules made, notifications issued, licences or permits granted, powers conferred under any law hereby repealed shall, so far as they are not inconsistent with this Act, have the same force and effect as if they had been respectively made, issued, granted or conferred under this Act and by the authority empowered hereby in that behalf.
THE SCHEDULE [See Section 3]---------------------------------------------------------------------------------------------Item Description of dutiable goods Rate of dutyNo.---------------------------------------------------------------------------------------------(1) (2) (3)---------------------------------------------------------------------------------------------Medicinal preparations1. Allopathic Medicinal Preparations : (i) Medicinal preparations containing alcohol which are not capable of being consumed as ordinary alcoholic beverages- (a) Patent or proprietary medicines. Twenty per cent. ad valorem (b) Others Twenty per cent. ad valorem (ii) Medicinal preparations containing alcohol which are capable of being consumed as ordinary alcoholic beverages - (a) Medicinal preparations which contain known active ingredients in therapeutic quantities. Twenty per cent. ad valorem (b) Others Twenty per cent. ad valorem (iii) Medicinal preparations not containing alcohol Twenty per cent. ad valorem. narcotic drug or narcotic but containing. 2. Medicinal preparations in Ayurvedic, Unani or otherindigenously systems of medicine : (i) Medicinal preparations containing self-generated alcohol which are not capable of being consumed Four per cent. ad valorem as ordinary alcoholic beverages.------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------(1) (2) (3)---------------------------------------------------------------------------------------------(ii) Medicinal preparations containing self-generated Four per cent. ad valoremalcohol which are capable of being consumed as ordinary alcoholic beverages.(iii) All other containing alcohol which are prepared Six per cent. ad valoremby distillation or to which alcohol has been added. (iv) Medicinal preparations not containing alcohol Twenty per cent ad valorem.but containing narcotic drug or narcotic. 3. Homoeopathic preparations containing alcohol. Four per cent. ad valoremToilet preparations4. Toilet preparations containing alcohol or narcotic Fifty per cent. ad valorem.drug or narcotic.---------------------------------------------------------------------------------------------
Explanation I. -"Patent or proprietary medicines" means any medicinal preparation which bears either on itself or on its container or both, a name which is not specified in a monograph in a pharmacopoeia, formulary or other publications notified in this behalf by the Central Government in the Official Gazette, or which is a brand name, that is, a name or a registered trade-mark under the Trade and Merchandise Marks Act 1958 (43 of 1958), or any other mark such as a symbol, monogram, label, signature or invented words or any writing which is used in relation to that medicinal preparation for the purpose of indicating or so as to indicate a connection in the course of trade between the preparation and some person having the right either as proprietor or otherwise to use the name or mark with or without any indication of the identity of that person.
Explanation II. -Where any article is chargeable to duty at a rate dependent on the value of the article, such value shall be deemed to be the value as determined in accordance with the provisions of section 4 of the Central Excise Act 1944 (1 of 1944).
Explanation III. -(1) Notwithstanding anything contained in Explanation II, the Central Government may, by notification in the Official Gazette, specify any dutiable goods, in relation to which it is required, under the provisions of the Standards of Weights and Measures Act 1976 (60 of 1976) or the rules made thereunder or under any other law for the time being in force, to declare on the package thereof the retail sale price of such goods, to which the provisions of clause (2) shall apply.
(2) Where dutiable goods specified under clause (1) are chargeable to duty with reference to value, then, notwithstanding anything contained in Explanation II, such value shall be deemed to be the retail price declared on such goods less such amount of abatement if any, from such retail price as the Central Government may allow by notification in the Official Gazette.
(3) The Central Government may, for the purpose of allowing any abatement under clause (2), take into account the duty of excise, sales tax and othertaxes, if any, payable on such goods.
(4) Where on the package of any dutiable goods more than one retail sale price is declared, the maximum of such retail sale price shall be deemed to be the retail sale price for the purposes of clause (2).
(5) Where different retail sale prices are declared on different packages forthe sale of any dutiable goods in packaged form in different areas, each such retail sale price shall be the retail sale price for the purposes of valuation of the dutiable goods intended to be sold in the area to which the retail sale price relates.
(6) For the purpose of this Explanation "retail sale price" means the maximum price at which the excisable goods in packaged form may be sold to the ultimate consumer and includes all taxes local or otherwise, freight, transport charges, commission payable to dealers, and all charges towards advertisement, delivery , packing, forwarding and the like, as the case may be, and the price is the sole consideration for such sale.