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Full exemption to all bulk drugs used in the manufacture of life saving drugs under Notification No. 208/81-Cus. - 26/93 - Customs -TariffExtract Full exemption to all bulk drugs used in the manufacture of life saving drugs under Notification No. 208/81-Cus. Notification No. 26/93-Cus. Dated 28-2-1993 In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts bulk drugs (including salts and esters thereof) falling within Chapters 28, 29 or 30 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), and used in the manufacture of life saving drugs and medicines specified under heading "A. Life Saving drugs or medicines" of the Schedule annexed to notification No. 208/81-Cus-toms, dated the 22nd September, 1981, when imported into India, from whole of the duty of customs leviable thereon which is specified in the said First Schedule : Provided that the importer furnishes an undertaking to the effect that, - (a) the said imported bulk drugs shall be used for the said purpose; (b) an account of the said imported bulk drugs received and consumed in the place of manufacture for the aforesaid purpose shall be maintained in the manner specified by the Assistant Collector of Customs; (c) the extract of such account duly certified by the manufacturer evidencing receipt of the said bulk drugs in the premises of the place of manufacture shall be produced within a period of 3 months or such extended period as the Assistant Collector may allow; and (d) he shall pay, on demand, in the event of his failure to comply with (a), (b) or (c) above, an amount equal the difference between the duty leviable on such quantity of said imported bulk drug but for the exemption contained herein and that already paid at the time of importation. Explanation. — For the purposes of this notification, "Bulk drug" shall have the same meaning as assigned to it in the Drugs (Price Control) Order, 1987.
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