Customs exemption for biotechnology imports: duty-free clearance for qualifying pharma/biotech units subject to R&D-use and procedural conditions. Amendment adds exemption entry 337A allowing duty-free import of specified research and laboratory equipment by pharmaceutical and biotechnology units that meet the prescribed export turnover threshold and have an R&D wing registered with the Department of Scientific and Industrial Research. Condition 74A requires imports to be for R&D, limits annual import value relative to prior-year exports, mandates a Joint DGFT certificate of export and prior imports, installation within six months certified by Central Excise, and a seven-year non-transfer restriction.
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Customs exemption for biotechnology imports: duty-free clearance for qualifying pharma/biotech units subject to R&D-use and procedural conditions.
Amendment adds exemption entry 337A allowing duty-free import of specified research and laboratory equipment by pharmaceutical and biotechnology units that meet the prescribed export turnover threshold and have an R&D wing registered with the Department of Scientific and Industrial Research. Condition 74A requires imports to be for R&D, limits annual import value relative to prior-year exports, mandates a Joint DGFT certificate of export and prior imports, installation within six months certified by Central Excise, and a seven-year non-transfer restriction.
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