Seeks to exempt basic customs duty on imports of specified API/ excipients for Amphotericin B and raw materials for manufacturing COVID test kits, till specified period

Last updated: 15 July 2021

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The Ministry of Finance has issued a notification exempting basic customs duty on specific imports. This includes certain excipients for Amphotericin B, such as DMPC, DMPG, HSPC, DSPG, Egg Lecithin, and Cholesterol HP, until 31st August 2021. Additionally, raw materials for manufacturing COVID test kits are also exempt from basic customs duty until 30th September 2021. These exemptions are subject to following the Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017.

MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 35/2021Customs Dated:12th July, 2021 G.S.R. 487(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, subheading or tariff item of the Fi

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FAQ :

Certain excipients for Amphotericin B (DMPC, DMPG, HSPC, DSPG, Egg Lecithin, Cholesterol HP) and raw materials for manufacturing COVID test kits are exempt.

The exemption for excipients like DMPC, DMPG, HSPC, DSPG, Egg Lecithin, and Cholesterol HP applies until 31st August 2021.

Raw materials for manufacturing COVID test kits are exempt from basic customs duty until 30th September 2021.

The importer must follow the procedure set out in the Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017.

The specific excipients mentioned are DMPC, DMPG, HSPC, DSPG, Egg Lecithin, and Cholesterol HP.

Notification No : 35/2021–Customs
Source : https://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2021/cs-tarr2021/cs35-2021.pdf

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