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Applicability of excise law on medicines

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 February 2014 My Query is that whether Law of Central Excise will be applicable on Manufacturing of 100% Ayurvedic Medicines.and if yes Under which section it is mentioned under Central Tariff ACT. please Reply soon.
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
20 February 2014 Ayurvedit medicines is exempt from excise duty vide notification no. 03/2005-CE dated 24.2.2005.

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