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Customs duty relief for Covid tangled in red tape × The on-going second wave of Covid-19 has taken many by surprise including the Central Board of Indirect Taxes and Customs (CBIC). The second wave has hit India so hard that beds in hospitals are hard to get, beds with oxygen are next to impossible and there is a huge shortage of vaccines. Importing these things seems to be the only option. But, CBIC would levy both Customs Duty and Integrated Goods and Service Tax (IGST) on such imports ther...

Remdesivir production capacity ramped up to 1.19 crore vials per month: Centre To augment the domestic production capacity, all the seven manufacturers of remdesivir in the country were asked to ramp up production quickly, the ministry said in a statement PTI | May 18, 2021 | Updated 13:00 IST The production capacity of remdesivir used for the treatment of COVID-19 has increased from 38 lakh vials per month to nearly 1.19 crore vials per month, the Ministry of Chemicals and Fertilizers said on...

COVID-19: Production capacity of Remdesivir increased to nearly 119 lakh vials per month, says Govt ANI | Updated: May 17, 2021 17:33 IST New Delhi [India], May 17 (ANI): With the sudden increase of cases during the second wave of the pandemic, the government has taken swift actions to enhance the availability of an anti-viral drug Remdesivir across the country. Presently, nearly 119 lakh vials of Remdesivir are being produced per month, the Department of P...

Remdesivir production capacity increased to around 1.19 cr crore vials a month: Govt New Delhi : The production capacity of remdesivir used for the treatment of COVID-19 has increased from 38 lakh vials per month to nearly 1.19 crore vials per month, the Ministry of Chemicals and Fertilizers said on Monday. Remdesivir is manufactured in India under voluntary licenses granted by Gilead Life Sciences to 7 pharmaceutical companies — Cipla, Dr Reddy”s, Hetero, Jubilant Pharma, Mylan, Syngene an...

To augment the domestic production capacity, all the seven manufacturers of remdesivir in the country were asked to ramp up production quickly, the ministry said in a statement. "With the combined efforts of the central government and the manufacturing companies, the production capacity of the licensed manufacturers has increased unprecedentedly from 38 lakh vials per month to nearly 119 lakh vials per month," it added.

FM does quick follow up of IGST exemption on Covid relief material IANS  0 In an attempt to speed up clearances of goods received free of cost for distribution for Covid relief, Finance Minister Nirmala Sitharaman on Monday undertook a quick follow up action by briefing the chief secretaries of the states on the order on IGST exemption.   The Centre on Monday exempted from IGST or integrated GST the import of goods received free of cost for distribution for Covid relief. The exemption is ad ...

May 04, 2021, 11:59 AM IST New Delhi: In view of the COVID-19 pandemic, the Central Government has issued notifications exempting Basic Customs Duty and/or Health cess on imports of a number of COVID-19 related relief materials, for a limited period.  "The Central Government had received a number of representations from charitable organizations, corporate entities, and other Associations/ entities outside India seeking exemption from IGST on the import of Covid-19 relief material (already exem...

India Covid-19 crisis: UAE expats can send relief material to India without tax dhanusha@khaleejtimes.com Filed on May 4, 2021 Reuters Now, UAE expatriates can send Covid-related relief material to India without paying any duty. The Ministry of Finance issued a notification on May3 exempting basic customs duty, integrated goods and services tax (IGST) and/or health cess on the import of a number of relief materials till June 30. The government at the centre said it received a number...

May 04, 2021, 00:02 AM IST New Delhi: Finance Minister Nirmala Sitharaman on Monday (May 3) undertook a quick follow up action by briefing the chief secretaries of the states on the order on IGST exemption in an attempt to speed up clearances of goods received free of cost for distribution for COVID-19 relief. The Centre on Monday exempted IGST or integrated GST the import of goods received free of cost for distribution for COVID-19 relief. The exemption applicable on all specified imports made...

Centre announces ad hoc IGST exemption on imports of COVID-19 relief material The exemption will also cover goods already imported but lying uncleared on the date of its issuance of exemption which starts from Monday. File photo Updated: May 3, 2021, 04:10 PM IST As the second wave of the coronavirus pandemic continues to trouble the country, the Central has exempted IGST or integrated GST on import of goods received free of cost for free distribution of COVID reli...