Customs duty exemption for specified pharmaceutical inputs enables reduced duty on imports subject to a use undertaking. Customs duty exemption limits liability on imports of specified goods under Chapters 5, 28, 29, 30 and 39 to amounts calculated at reduced rates shown in the Table, with the exempted portion subject to the importer furnishing an undertaking to the Assistant Collector that the goods will be used for the particular manufacturing purposes listed. The Table lists chemical and biological inputs and materials, assigns nil or 25% ad valorem rates, and ties each item to uses including manufacture of insulin, antibiotics intermediates, vitamins, IV fluids, bulk drugs and ELISA diagnostic test kits. 'Bulk drug' is defined by reference to pharmacopoeial standards and relevant derivatives.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Customs duty exemption for specified pharmaceutical inputs enables reduced duty on imports subject to a use undertaking.
Customs duty exemption limits liability on imports of specified goods under Chapters 5, 28, 29, 30 and 39 to amounts calculated at reduced rates shown in the Table, with the exempted portion subject to the importer furnishing an undertaking to the Assistant Collector that the goods will be used for the particular manufacturing purposes listed. The Table lists chemical and biological inputs and materials, assigns nil or 25% ad valorem rates, and ties each item to uses including manufacture of insulin, antibiotics intermediates, vitamins, IV fluids, bulk drugs and ELISA diagnostic test kits. "Bulk drug" is defined by reference to pharmacopoeial standards and relevant derivatives.
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