Finance Minister Nirmala Sitharaman announced the exemption of customs duty on three cancer medications, aimed at easing the financial burden on patients.
The Finance Minister has additionally detailed changes in the Basic Customs Duty (BCD) on X-ray tubes and flat panel detectors used in X-ray machines to boost domestic production capacity.
“To provide relief to cancer patients, I propose to fully exempt three more medicines from customs duty. I also propose changes in the basic customs duty (BCD) on X-ray tubes and flat panel detectors for use in medical X-ray machines under the Phased Manufacturing Programme, so as to synchronise them with domestic capacity addition,” the minister said.
SOURCE – Tribune India
