India, Feb. 1 -- The Union Budget presented by Finance Minister Nirmala Sitharaman on Saturday proposed to add 36 life-saving drugs and medicines to the list of medicines fully exempted from Basic Customs Duty, a move which will provide relief to patients, particularly to those suffering from cancer, rare diseases and other severe chronic diseases.
The Budget also proposes to add 6 life-saving medicines to the list attracting concessional customs duty of 5%.
"Specified drugs and medicines under Patient Assistance Programmes run by pharmaceutical companies are fully exempt from Basic Customs Duty, provided the medicines are supplied free of cost to patients," read a statement issued by the Indian government.
Nirmala Sitharaman presented...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.