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FM proposes to fully exempt 36 life-saving medicines from custom duty
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....M proposes to fully exempt 36 life-saving medicines from custom duty<BR>PTI News<BR>Dated:- 1-2-2025<BR>PTI<BR>New Delhi, Feb 1 (PTI) Finance Minister Nirmala Sitharaman on Saturday proposed to fully ....
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....exempt customs duty on 36 drugs used in the treatment of cancer, rare diseases and other severe chronic diseases. The government had earlier cut customs duties on Trastuzumab Deruxtecan, Osimertinib....
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.... and Durvalumab from 10 per cent to nil. "To provide relief to patients, particularly those suffering from cancer, rare diseases and other severe chronic diseases, I propose to add 36 lifesaving dru....
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....gs and medicines to the list of medicines fully exempted from Basic Customs Duty (BCD)," Sitharaman said while presenting 8th consecutive Budget. She also proposed to add six life-saving medicines t....
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....o the list attracting concessional customs duty of 5 per cent. "Full exemption and concessional duty will also respectively apply on the bulk drugs for the manufacture of the above," Sitharaman stat....
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....ed. She noted that specified drugs and medicines under Patient Assistance Programmes run by pharmaceutical companies are fully exempt from BCD, provided the medicines are supplied free of cost to pa....
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....tients. "I propose to add 37 more medicines along with 13 new patient assistance programmes," Sitharaman said. PTI MSS MSS SHW<BR> News - Press release - PIB....