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The government on Tuesday waived customs duty on a key coronavirus (Covid-19) drug Remdesivir and its raw materials to lower cost amid a sharp increase in demand in the country. According to a notification from the customs department, the duty waiver was for Remdesivir injection, Remdesivir API and Beta Cyclodextrin, a key input, till October 31, 2021. Commerce and Industry Minister Piyush Goyal in a statement said, “In line with Prime Minister Narendra Modi’s priority to ensure affordable medical care for Covid-19 patients, imports of Remdesivir API, injection and specific inputs have...

Healthcare & PharmaceuticalsIndia waives import duty on COVID-19 drug Remdesivir Reuters 1 minute read India has waived import duty on COVID-19 drug Remdesivir until Oct. 31, the finance ministry said in a statement on Tuesday, as infections surge to record highs and lead to a shortage of the anti-viral medicine. The government has also waived import duties on Beta Cyclodextrin (SBEBCD) used in the manufacture of Remdesivir as well as Remdesivir injections. India on Tuesday reported its worst daily death toll of the pandemic and has large parts of the country under lockdown in an effort to co...

Message : Required fields NEW DELHI (Reuters) - India has waived import duty on COVID-19 drug Remdesivir until Oct. 31, the finance ministry said in a statement on Tuesday, as infections surge to record highs and lead to a shortage of the anti-viral medicine. The government has also waived import duties on Beta Cyclodextrin (SBEBCD) used in the manufacture of Remdesivir as well as Remdesivir injections. India on Tuesday reported its worst daily death toll of the pandemic and has large parts of the country under lockdown in an effort to counter an accelerating second wave of infections. (...

Custom duty on Remdesivir injections, raw materials waived This customs duty waiver will remain in effect till October 31, 2021, and is among the measures to increase the production and supply of the anti-COVID-19 drug as infections rise rapidly BusinessToday.In | April 21, 2021 | Updated 00:07 IST Central government has waived the custom duty on Remdesivir injections and the active pharmaceuticals ingredients (API) after "being satisfied that it is necessary in the public interest to do so", a statement from Ministry of Finance said. The government also ended customs duty on Beta Cyclodext...