INDIA REMOVES CUSTOMS EXEMPTIONS ON MEDICINES TO BOOST LOCAL PRODUCERS
February 1st, 2016
THE INDIAN government has removed customs duty exemptions on 74 medicines, a Central Board of Excise and Customs (CBEC) notification has said. The goal is to encourage the domestic manufacture of a wide range of medicines, which are currently largely imported, by raising the price of foreign made drugs. Pharmaceuticals that will henceforth attract duty include those treating cancers such as leukaemia (including chemotherapy and radiotherapy medicines); HIV/AIDS; cardiac problems; hepatitis B; arthritis; diabetes; Parkinson's disease; bone conditions (for instance ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.