No customs duty exemptions for specified, life-saving drugs: Govt

Mumbai

In an attempt to boost its ‘Make in India’ campaign, the government has withdrawn customs duty exemptions for specified drugs and life saving drugs.
Sources tell CNBC-TV18 that customs duty ranging from 16 to 20 percent will be imposed on the drugs. The duty has been levied in consultations with the department of pharmaceuticals under the ministry of health. Earlier the government had hiked the import duty on medical devices from 5 percent to 7.5 percent.

  • Related Posts

    Remedium Lifecare ‘s Breakthrough: A New Era in Pharma

    Mumbai: Remedium Lifecare Limited, a pivotal player in India’s pharmaceutical industry, has clinched a noteworthy contract with a UK-based pharmaceutical distribution firm, promising to amplify its stature in the global…

    An Index To Gauge States For Drug Enforcement, Improve Drug Quality

    New Delhi:  The Union government is drawing up an index to gauge states and union territories on their preparedness to enforce Central regulations on drugs, medical devices and cosmetics, according…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Phthalates in plastics linked to 13 per cent of heart disease deaths in 2018 globally, finds study

    Phthalates in plastics linked to 13 per cent of heart disease deaths in 2018 globally, finds study

    Cargologic receives CEIV Pharma re-certification

    Cargologic receives CEIV Pharma re-certification

    Dr. Reddy’s to introduce Sanofi’s novel RSV drug in India

    Dr. Reddy’s to introduce Sanofi’s novel RSV drug in India

    Japan’s Takeda to launch dengue vaccine in India with Biological E next year

    Japan’s Takeda to launch dengue vaccine in India with Biological E next year