Excise Duty exemption for Pharma Companies
Query: We are small scale pharmaceutical manufacturing (formulations) company situated in rural area in Punjab. Please clarify the following with specific notifications 1) Turnover (sale upto 150 lakhs) for the purpose of excise to be calculated on 65% of MRP or based on actual billing price as per invoices. 2) VAT to be charged on 65% of MRP or …