Industry

Government withdraws customs duty on imports of Remdesivir

Remdesivir, the only drug cleared to treat COVID-19. Photo used for representation purpose only. File   | Photo Credit: Getty Image/iStock

The government has withdrawn the 10% customs duty levied on imports of Remdesivir injections, active pharma ingredients used in its manufacture, and also granted a conditional customs duty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.

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Printable version | May 18, 2021 6:00:13 PM | https://www.thehindu.com/business/Industry/government-withdraws-customs-duty-on-imports-of-remdesivir/article34370624.ece

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