Medicinal and Toilet Preprations (Excise Duties) Act, 1955 and Rules, 1956
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Alcohol is an important industrial solvent excellent preservative, and a therapeutic agent.
Medicinal and Toilet Preprations
(Excise Duties) Act, 1955 and Rules, 1956
Alcohol is an
important industrial solvent excellent preservative, and a therapeutic agent.
It is, however, likely to be misused and it could be a drug of addiction
(euphoric drink). Before enactment of this Act, there was chaotic condition
prevailing in the country in relation to price structure of alcohol as a raw
material and formulations containing alcohol. Some States were rich in
production of alcohol, while others were utilizing this as raw material in
manufacture of formulations. In
the absence of uniform excise policy, the price structure of alcohol containing
medicines was varying from State to State within the country. In order to
overcome this difficulty and to ensure that uniform structure of excise duty
for alcohol products exists, this Act was enacted.
It
is an Act with provision for levy and collection of excise duties on medicinal
and toilet preparations containing alcohol, opium, Indian hemp (cannabis) or
other narcotic drugs. The Act is effectively implemented throughout India from
151 April, 1957. The Act has 11 Chapters and 21 Sections.
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