Duties exempted on 3 drugs

New Delhi

Due to public pressure , octreotide, somatropin and anti-haemophilic factor concentrate (VIII and IX) exempted from custom duties. The government had removed the custom duty on 76 life-saving drugs on February 5. Consequently, out of 76 drugs, customs duty on 15 increased from zero to 35 per cent and on other 61 drugs, the duty rose from five per cent to 10 per cent, respectively. However, after strong protests by patients suffering from haemophilia, the Central Board of Excise and Customs (CBEC) issued a notification on Wednesday restoring the custom duty exemptions on anti- haemophilic factor concentrate (VIII and IX). Octreotide and somatropin were a part of the 61 drugs list where the duty rose from 5 to 10 per cent. Now with the CBEC notification, they will have a duty of five per cent again. Octreotide is used to treat hormonal disorder, besides symptoms of severe diarrhoea and flushing caused by cancer. Somatropin is used to treat growth failure in children and adults, who lack natural growth hormone. It is also used to treat chronic kidney failure. Anti-haemophilic factor concentrate (VIII and IX) is used to treat heamophilia, which is a genetic bleeding disorder involving a lack of functional clotting

  • Related Posts

    NCB Hyderabad raids illegal lab, seizes 69 kg of Alprazolam worth Rs 17.4 crore

    The officials identified the substance as Alprazolam manufactured illegally at the lab. HYDERABAD: In one of the largest such seizures in recent times, the Narcotics Control Bureau (NCB), Hyderabad, raided…

    Govt Outlines AYUSH Heavy Metal Monitoring Steps In Rajya Sabha

    New Delhi: The Ministry of AYUSH has detailed its regulatory framework and ongoing initiatives to monitor heavy metal content in traditional medicines, responding to parliamentary concerns over quality and safety…

    Leave a Reply

    Your email address will not be published.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

    You Missed

    Government takes steps to strengthen primary healthcare services

    Government takes steps to strengthen primary healthcare services

    Operation Vajra: CBN thwarts Global Syndicate, seizes 12 Crore ‘Fighter Drug’ Tablets destined for Conflict Zones

    Operation Vajra: CBN thwarts Global Syndicate, seizes 12 Crore ‘Fighter Drug’ Tablets destined for Conflict Zones

    National Health Emergency: Telangana C-section Cluster Spark Critical Alarms as Substandard Drug Suspicions spread Nationwide

    National Health Emergency: Telangana C-section Cluster Spark Critical Alarms as Substandard Drug Suspicions spread Nationwide

    Star Bio Pharma Global strengthens its position in the global nutraceutical supply Chain

    Star Bio Pharma Global strengthens its position in the global nutraceutical supply Chain

    Chemists demand fair competition in pharma market amid online sales concerns

    Chemists demand fair competition in pharma market amid online sales concerns

    DCA busts unlicensed shop, seizes meds worth Rs 18000

    DCA busts unlicensed shop, seizes meds worth Rs 18000