Government withdraws customs duty on imports of Remdesivir

A notification to this effect was issued by the Finance Ministry on Tuesday.

April 20, 2021 11:14 pm | Updated 11:14 pm IST - NEW DELHI

Remdesivir, the only drug cleared to treat COVID-19. Photo used for representation purpose only. File

Remdesivir, the only drug cleared to treat COVID-19. Photo used for representation purpose only. File

The government has withdrawn the 10% customs duty levied on imports of Remdesivir injections, active pharma ingredients used in its manufacture, and also granted a conditional customs duty exemption for the critical inactive ingredient Beta Cyclodextrin used to make Remdesivir injections that attracted 7.5% duty, till October 31, 2021.

A notification to this effect was issued by the Finance Ministry on Tuesday. The government banned the export of the injection and its active ingredients on April 11, following a spike in demand for the drug amidst the second wave of COVID-19 infections.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.