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May 3, 2021
Exemption of IGST on imports of specific COVID-19 relief material: Which are these items File Photo Due to requests from charitable organisations, corporate entities, and other associations/ entities, the finance ministry has exempted IGST on the import of COVID-19 relief material received for distribution in the country free of cost. This exemption shall apply till June 30, 2021. It would also cover goods already imported but lying uncleared on the date of its issuance of the exemption. After...
May 3, 2021
Govt. gives ad hoc IGST exemption on imports of Covid relief material By IANS | Published on Mon, May 3 2021 15:57 IST | 7 Views Govt. gives ad hoc IGST exemption on imports of Covid relief material. Image Source: IANS News New Delhi, May 3 : In view of the coronavirus pandemic, the Central Government has exempted IGST or integrated GST on import of such goods received free of cost for free distribution of Covid relief. The exemption is ad hoc and applicable for all specifie...
May 3, 2021
FM does quick follow up of IGST exemption on Covid relief material (Ld) By IANS | 2 Views Union Minister of State for Commerce & Industry, Nirmala Sitharaman. (File Photo: IANS). Image Source: IANS News New Delhi, May 3 : 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. ...
May 3, 2021
The exemption is ad hoc and applicable for all specified imports made till June 30, 2021. The exemption will also cover goods already imported but lying uncleared on the date of its issuance of exemption which starts from Monday. Government had earlier issued notification for exempting Basic Customs Duty and/or Health cess imports of a number of Covid-19 related relief materials, for a limited period. These included Remdesivir injection/ API and Beta Cyclodextrin (SBEBCD), Inflammatory diagn...
May 3, 2021
Indian Flash May 3, 2021 In view of the Covid 19 pandemic, the Government of India has exempted basic Customs Duty and Health Cess on imports of a number of Coronavirus related relief material. The government exempted Remdesivir injection/ API and Beta Cyclodextrin (SBEBCD), Inflammatory diagnostic (markers) kits until October 31, 2021. It also exempted Medical grade Oxygen, oxygen therapy related equipment such as oxygen concentrators, cryogenic transport tanks and Covid -19 vaccin...
May 2, 2021
For the last two weeks, the government and some transport companies have stepped up efforts to help cope with Covid-19 by facilitating the import of essential medicines, vaccines, medical equipment, etc. The finance ministry exempted basic customs duty on import of Remdesivir injections, active pharmaceutical ingredients of Remdesivir, Beta Cyclodextrin (SBEBCD) used in making Remdesivir and specified inflammatory diagnostic (marker) kits till end-October 2021. It also exempted basic customs ...
April 24, 2021
New Delhi [India], April 24 (ANI): As India's healthcare infrastructure crumbles under the weight of the rapidly rising COVID-19 cases, the Customs Department is all set to expedite clearances for the import of consignments relating to the pandemic.
April 21, 2021
The import of Remdesivir Active Pharmaceutical Ingredients (API), injections and specific inputs have been made import duty free till October 31 amid the ongoing surge in COVID-19 cases in the country. Taking to Twitter, the ministry of finance on Tuesday shared a notification that said that the central government has exempted Remdesivir Active Pharmaceutical Ingredients, Beta Cyclodextrin (SBEBCD) used in the manufacture of Remdesivir -- subject to the condition that the importer follows the...
April 21, 2021
Commerce and Industry Minister Piyush Goyal tweeted, "In line with PM Narendra Modi`s priority to ensure affordable medical care for COVID-19 patients, imports of Remdesivir API, injection and specific inputs have been made import duty free. This should increase supply and reduce cost thus providing relief to patients." Amid the shortage of Remdesivir in the wake of a spike in COVID-19 infections in the country, seven major pharmaceutical companies have already reduced the maximum retail pr...
April 21, 2021
The import of Remdesivir Active Pharmaceutical Ingredients (API), injections and specific inputs have been made import duty free till October 31 amid the ongoing surge in COVID-19 cases in the country. Taking to Twitter, the ministry of finance on Tuesday shared a notification that said that the central government has exempted Remdesivir Active Pharmaceutical Ingredients, Beta Cyclodextrin (SBEBCD) used in the manufacture of Remdesivir -- subject to the condition that the importer follows the...