CBIC has exempted the Remdesivir injection and it’s API from Custom duty i.e. no tax needs to be paid to import the injection or it’s ingredients.
According to the government this will boost it’s import and production and it will be a great help amid the increasing cases of Covid in India.
As we know this virus affects the respiratory system and this medicine helps in improving the respiratory system and the reports on the above medicine suggest as under:
“The study also suggested that remdesivir treatment may prevent patients from progressing to more severe respiratory disease. Those treated with remdesivir were less likely to need high levels of respiratory support.”
Earlier there was 10% import duty to be paid on such medicine which has been waived now.
This waiver is applicable till 31.10.2021.
Amid the increasing cases and shortage of medicine and oxygen may be this will give a bit of aid to people.
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