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Local medical device makers bat for 15% import duty

Domestic medical device makers urge the government to impose up to 15% import duty to reduce reliance on inbound shipments. Imports have increased by over 21% in the past 12 months, reaching ₹61,000 crore. The industry specifically highlights the steep increase in imports from the US, Germany, the Netherlands, China, and Singapore. To address this, the industry calls for a predictable tariff policy, correction of inverted duty, and the imposition of a 5% health cess on remaining medical devices. They also expect an increase in custom duty to a nominal 10-15% in the Budget. ....

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Indian Medical Device Industry Draws Attention Of Government To Soaring Imports

Indian Medical Device Industry Draws Attention Of Government To Soaring Imports
menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.

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Medical devices industry association calls for measures to address soaring import bill

Medical devices industry association calls for measures to address soaring import bill
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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Budget 2024: AiMeD urges the Centre to address medical device import bill

Budget 2024: AiMeD urges the Centre to address medical device import bill
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Indian Medtech Industry Urges Govt Action To Curb Import Reliance

Indian Medtech Industry Urges Govt Action To Curb Import Reliance
menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.

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