Union Budget 2020: Health cess on import of medical equipment imposed in Budget
4 years, 11 months ago

Union Budget 2020: Health cess on import of medical equipment imposed in Budget

India TV News  

Finance Minister Nirmala Sitharaman on Saturday said that health cess on import of medical equipment imposed in Budget to boost the domestic medical devices sector and generate resources for health services. In her second Budget speech, Sitharaman said till a few years back India was dependent on imports for medical equipment. Stating that this sector deserves further fillip, she said the government is committed to provide health services to all and Ayushman Bharat has made it possible. "To achieve the twin objectives of giving impetus to the domestic industry and also to generate resource for health services, I propose to impose a nominal health cess, by way of a duty of customs, on the imports of medical equipment keeping in view that these goods are now being made significantly in India," Sitharaman said.

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