Commnr.,Central Excise & Customs, ... vs M/S. Parenteral Drugs (I) Ltd

The Supreme Court addressed the applicability of Exemption Notification No.3/2001 concerning Intravenous Fluids, determining that the definition of 'IV Fluids' was restricted to those used solely for sugar, electrolyte, or fluid replenishment. The Court held that the inclusion of therapeutic agents in IV Fluids could disqualify them from exemption under the notification. The matter was remitted to the Tribunal for further examination of the implications of the 2001-2002 Budget and the classification of the fluids as Schedule-H drugs.