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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 specified imports made till June 30, 2021. The exemption will also cover goods already imported but lying un...

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 diagnostic (markers) kits, imports of which have been exempted from customs till October 31, 2021. Also, ...

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 duty and health cess on import of medical oxygen, equipment required for generation, storage, distri...

Basic customs duty on oxygen, vaccines exempted ​ By IANS | ​ 2 Views Johnson & Johnson pauses Covid-19 vaccine trial. Image Source: IANS News New Delhi, April 24 : Centre on Saturday exempted basic customs duty on oxygen, oxygen related equipment and vaccines. The decision comes after the Prime Minister chaired a meeting to review steps taken to boost oxygen availability in the country. In a statement, Ministry of Finance said: "The PM emphasised that there was an immediate need to augment the supply of medical grade oxygen as well as equipment required for patient care both at home a...

981 Tribune News Service New Delhi, April 24 Reeling under an acute medical oxygen supply crisis, India has decided to waive basic customs duty on import of oxygen and related equipment as also on Covid vaccines for three months. Health cess on oxygen and oxygen equipment also stands exempted for three months. The decision was taken at a high-level emergency meeting Prime Minister Narendra Modi chaired on Saturday as reports of critical patients dying for want of oxygen began to pour in from Delhi, Rajasthan and Punjab. Supplies of oxygen through tankers has not been stabilised yet and hospit...