The Revenue Department said on Thursday that there is a great demand for ventilators and other medical devices during the Coronavirus epidemic.
New Delhi| As India intensifies the battle against Coronavirus, the central government decided to remove excise duty from ventilators, testing kits and masks by September. In addition, medical cesses on these devices have also been exempted. This will keep an adequate supply of ventilators and testing kits in the country amid the epidemic. Also, the prices of personal protection equipment (PPE) kits and masks of all kinds will be low.
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The Revenue Department said on Thursday that there is a great demand for ventilators and other medical devices during the Coronavirus epidemic. In such a case, the government is withdrawing the Custom duty and cess imposed on their imports immediately. At the same time, this discount will continue to be made in the country. At present, the government has fixed this exemption period on September 30.
How much duty did you have to pay now?
At the moment, excise duty was 10% on ventilators and 7.5% on testing kits, masks and PPE kit. Apart from this, 5% of medical cess was collected separately on all these items.
China Large Exporter of Coronavirus Kit in the World
The demand for these products is increasing rapidly in the domestic market as the Corona transmission increases. India has already banned the export of coronavirus treatment kits. So that their availability remains in the country. Trade Experts have welcomed the government’s decision to remove excise duty and cess. China is the largest exporter of ventilators, corona kits and masks in the world these days.
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