Case of Sett Dey and Co Homoeo Lab, AAR West Bengal Ruling Dated 10th December 2025. AAR clarified that the term “medicament” encompasses all forms of medicines and remedies used for therapeutic or prophylactic purposes. Products manufactured in accordance with authoritative pharmacopoeia formulae and sold under the names specified therein fall within the scope of Schedule I entries 233 and 234. The ruling confirmed that for all applicable categories, the GST rate 5% is applicable.