Customs exemption for specified bulk drugs caps import duty at prescribed ad valorem rates to facilitate pharmaceutical imports. The notification exempts specified bulk drugs and certain drugs imported into India from customs duty to the extent that duty in excess of prescribed ad valorem rates is not leviable, by fixing maximum chargeable rates (Nil, 10% or 25% ad valorem) for listed items under the Customs Tariff. Application is chapter based with lists of named substances and conditions that include use in the manufacture of life saving medicines and importation by government opium and alkaloids factories. The notification defines 'bulk drug', 'formulation' and 'drug' to delimit scope.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption for specified bulk drugs caps import duty at prescribed ad valorem rates to facilitate pharmaceutical imports.
The notification exempts specified bulk drugs and certain drugs imported into India from customs duty to the extent that duty in excess of prescribed ad valorem rates is not leviable, by fixing maximum chargeable rates (Nil, 10% or 25% ad valorem) for listed items under the Customs Tariff. Application is chapter based with lists of named substances and conditions that include use in the manufacture of life saving medicines and importation by government opium and alkaloids factories. The notification defines "bulk drug", "formulation" and "drug" to delimit scope.
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