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EXCISE DUTY ON MEDICINES
IDMA seeks exemptions for R&D, samplesIDMA expects that the weighted deduction of 200 % of R&D expenses in an in-house facility will be extended for further period of five years.26 Jun, 2014, 01.46 PM IST- 1.5 lakh sales promotion employees to be on nationwide strike on August 23The demand of the striking employees include abolition of excise duty on medicines, cost rationalization of drugs, and proper enforcement o...18 Aug, 2012, 04.55 PM IST
- Union Budget 2011: Increased excise duty, MAT on SEZs to hurt pharma industry'There is as expected nothing for the pharma industry, expect an increase in excise duty from 4 per cent to 5 per cent.'01 Mar, 2011, 07.17 PM IST
- GST to subsume central excise, VAT among other leviesVarious levies such as excise, value added tax and service tax are proposed to be subsumed in the the Goods and Services Tax, making it a l...10 Nov, 2009, 07.53 PM IST
- FM has a heart, and a liver tooIt’s a pep pill for the pharma industry , with the budget retaining excise duty at 4% and reducing customs duty on certain life-saving drug...07 Jul, 2009, 10.02 AM IST
- Small drug cos oppose MRP-based excise dutyThe small scale pharmaceutical industry has sought Prime Minister Manmohan Singh’s help to remove anomalies created by maximum retail price...01 Jan, 2009, 05.55 AM IST
- Antibiotics, pain killers,insulin get 3% cheaperMedicines sold at government-set prices have become cheaper by nearly 3% after the country’s drug price regulator ordered a price cut in th...12 Dec, 2008, 01.36 AM IST
- Excise evasion by drug cos to be probedThe government has asked the National Pharmaceutical Pricing Authority (NPPA) to keep a check on companies which factor in excise component...25 Aug, 2008, 01.46 AM IST
- Govt to ensure price cut in non-controlled drugsFollowing finance minister’s decision to slash customs duty on some of the medicines and excise duty on all, drug makers will get over a fo...03 Mar, 2008, 03.38 AM IST
- Budget likely to scrap 16% excise on 7,000 drugsPrices of 7,000 drugs classified as 'essential medicines' are likely to witness a sharp fall after the forthcoming Budget. Corporate India ...05 Feb, 2008, 12.59 AM IST
- Outsourced drugs may not get excise sopMedicines produced in an excise-exempt state can be sold in other states too without paying the duty.17 Jan, 2008, 12.03 AM IST
- Sops for pharma cos may be extended to 2015Consumers can hope for some reduction in the prices of drugs across the board and particularly in the case of cancer and HIV/AIDs drugs soo...21 Nov, 2007, 02.08 AM IST
- SSI pharmas may get excise cut placebo SSI pharmas may get excise cut placeboThe Prime Minister’s economic advisory council has recommended that the burden of excise duty on small-scale companies should be eased by m...16 Dec, 2006, 01.31 AM IST
- Relief in offing for pharma cos as excise abatement on MRPs may risePharmaceutical companies, which do not make drugs in excise exempt states, can look forward to a relief in the forthcoming Union Budget.05 Dec, 2006, 01.29 AM IST
- Chem ministry proposes 50% cut in excise duty on drugsExcise duty sops given by states like Uttaranchal and Himachal to attract drug makers could partly be neutralised soon.26 Oct, 2006, 01.30 AM IST
- Generics price cut may cause Rs 50-cr revenue loss for govtThe price reduction agreement for generic drugs worked out between the chemicals ministry and the pharmaceutical industry is likely to resu...02 Oct, 2006, 12.54 AM IST
- Govt to impose excise duty on drugsJustifying government's decision to impose excise duty on medicines based on maxium retail price, PC said this would ensure transparency in...22 Mar, 2005, 01.22 PM IST
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