in my earlier post for mvat i have erroneously written as follows:-
As per circular No.VAT-2005/Act/VD-1 Mumbai Dt : 1.4.2005
Trade Cir.-1T of 2005, only manufacturers and retailers need to pay mvat on medicines listed under entry no.29 of schedule C.
it should be actually read as under
Trade Cir.-1T of 2005, only manufacturers and importers of medicine need to pay mvat on medicines listed under entry no.29 of schedule C.
regards,
parag
