Import duty on Remdesivir, its raw materials waived off
The government on Tuesday waived customs duty on Remdesivir, its raw materials and other components used to make the antiviral drug. The move would help augment domestic availability and reduce cost of the injection. Remdesivir is being used in the treatment of coronavirus, as infections are mounting in the country.
The Department of Revenue, in a notification, said 'the central government, on being satisfied that it is necessary in the public interest to do, hereby exempts the goods…when imported into India, from the whole of the duty of customs leviable'.