Pharmaceutical /Validation
26/03/1997
Query
Does validation of pharmaceutical products qualify for manufacturing relief. Pharmaceutical products are subjected to a process by qualified chemists who ensure that the stringent requirements of the Drugs and Medicines regulatory authorities are met. A company involved in the validation process would take full legal responsibility for the finished product.
Decision
Allowed.
Corporation Tax
Section 443, Taxes Consolidation Act, 1997
Origin: Direct Taxes International and Administration
File ref:6223/97