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April 21, 2021

Government withdraws import duty on imports of Remdesivir till 31st October 2021

by CA Shivam Jaiswal in Compliance Law, Corporate Law

Government withdraws import duty on imports of Remdesivir till 31st October 2021

Government on Tuesday has withdraws import duty on Remdesivir, its raw materials and other components used to make the antiviral drug until 31 October 2021 amid surge in COVID-19 cases in the country. The government has withdraws customs duty on Remdesivir active pharmaceutical ingredients (APIs), injection Remdesivir, and Beta Cyclodextrin (SBEBCD) used in manufacture of Remdesivir.

Read Notification below

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

Notification No. 27/2021–Customs

G.S.R.   (E).-    In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts the goods of the description specified in column (3) of the Table below, falling within the Chapter, heading, sub–heading or tariff item of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) specified in column (2) of the said Table, when imported into India, from the whole of the duty of customs leviable thereon under the said First Schedule, namely-

Table

S.No.Chapter or heading or sub–heading or tariff itemDescription of goods
(1)(2)(3)
1.29Remdesivir Active Pharmaceutical Ingredients.
2.29Beta Cyclodextrin (SBEBCD) used in manufacture of Remdesivir, subject to the condition that the importer follows the procedure set out in the Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017.
3.30Injection Remdesivir.

2. This notification shall remain in force upto and inclusive of the 31st October, 2021.

[F.No. 354/3/2021-TRU]

(Gaurav Singh) Deputy Secretary to the Government of India

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