Budget 2024: Proposal to exempt three more medicines from customs duty to aid cancer patients
5 months ago

Budget 2024: Proposal to exempt three more medicines from customs duty to aid cancer patients

India TV News  

On Tuesday, Finance Minister Nirmala Sitharaman presented her seventh consecutive Budget for the 2024-25 fiscal year. While announcing the budget, Nirmala Sitharaman stated, "To provide relief to cancer patients, I propose to exempt three more medicines from customs duty," highlighting the government’s commitment to reducing the financial burden on those battling the disease. The Health Minister also detailed changes to the Basic Customs Duty on X-ray tubes and flat panel detectors used in medical X-ray machines. “I propose changes in the BCD on x-ray tubes & flat panel detectors for use in medical x-ray machines.” FM Nirmala Sitharaman added while addressing the budget speech. During the Interim Budget 2024 in February, Sitharaman revealed that healthcare coverage would be expanded to include ASHA workers, Anganwadi workers, and helpers under the Ayushman Bharat scheme.

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History of this topic

Medical entrepreneurs applaud customs duty exemption on cancer medication
5 months ago

Medical entrepreneurs applaud customs duty exemption on cancer medication

The Hindu  

Medical entrepreneurs in Hyderabad have welcomed the exemption of customs duties on three cancer medications as announced in the Union Budget 2024-25. This measure is beneficial for those who struggle to afford the high costs associated with cancer care,” said Gayatri Kamineni, COO of Kamineni Hospitals, reacting to the development. Sangita Reddy, Joint Managing Director of Apollo Hospitals Group, stated, …

Budget 2024: Three Cancer Drugs Costing Lakhs to Become Cheaper as Govt Removes Customs Duty
5 months ago

Budget 2024: Three Cancer Drugs Costing Lakhs to Become Cheaper as Govt Removes Customs Duty

News 18  

Finance Minister Nirmala Sitharaman announced on Tuesday a full exemption of customs duties on three drugs used to treat cancer drugs — Trastuzumab Deruxtecan, Osimeritinib and Durvalumab. Dr DS Negi, chief executive officer, Rajiv Gandhi Cancer Institute & Research Centre hailed the move, calling it a “significant step” towards making essential cancer treatments more accessible and affordable for patients across …

Union Budget 2024: From Smartphones To Plastic Goods, What Will Become Cheaper & Costlier? Check Out
5 months ago

Union Budget 2024: From Smartphones To Plastic Goods, What Will Become Cheaper & Costlier? Check Out

ABP News  

Union Budget 2024: Finance Minister Nirmala Sitharaman presented the Union Budget for 2024 on Tuesday, with a focus on affordability and economic inclusivity. Basic customs duties on precious metals such as gold and silver have been reduced to 6 per cent, while the duty on platinum has been adjusted to 6.5 per cent. In addition, customs duties on precious metals …

Budget 2024: Mobile phones, chargers to get cheaper; Nirmala Sitharaman proposes cut in customs duty
5 months ago

Budget 2024: Mobile phones, chargers to get cheaper; Nirmala Sitharaman proposes cut in customs duty

Hindustan Times  

Union Finance Minister Nirmala Sitharaman, while presenting Budget 2024 in the Lok Sabha, announced the proposal to reduce the basic custom duty on mobile phones and chargers to 15 per cent from 20 per cent. While presenting the Union Budget 2024-25 in Parliament on Tuesday, FM Sitharaman said that there has been a three-fold increase in the domestic production of …

Budget 2024: Mobile phones, chargers to get cheaper; Nirmala Sitharaman proposes cut in customs duty
5 months ago

Budget 2024: Mobile phones, chargers to get cheaper; Nirmala Sitharaman proposes cut in customs duty

Hindustan Times  

Union Finance Minister Nirmala Sitharaman, while presenting Budget 2024 in the Lok Sabha, announced the proposal to reduce the basic custom duty on mobile phones and chargers to 15 per cent from 20 per cent. While presenting the Union Budget 2024-25 in Parliament on Tuesday, FM Sitharaman said that there has been a three-fold increase in the domestic production of …

Budget 2024: What will be cheaper and what to cost more
5 months ago

Budget 2024: What will be cheaper and what to cost more

New Indian Express  

What Will Get Cheaper The Budget 2024 recommends reduced customs duty on mobile phones, and chargers to 15% from the current 20%. Prices of certain other industrial products such as ferro nickel and blister copper also will be get reduced as government has removed basic customs duties on them as well. Additionally, the Budget has also proposed customs duty exemption …

Drugs for rare diseases get customs duty relief
1 year, 8 months ago

Drugs for rare diseases get customs duty relief

The Hindu  

The Central Government has given full exemption from basic customs duty on all drugs and food for special medical purposes imported for personal use for treatment of all Rare Diseases listed under the National Policy for Rare Diseases 2021 through a general exemption notification. Drugs/Medicines generally attract basic customs duty of 10%, while some categories of lifesaving drugs/vaccines attract concessional …

Big relief for people! Centre exempts basic customs duty on imported drugs to treat rare diseases
1 year, 8 months ago

Big relief for people! Centre exempts basic customs duty on imported drugs to treat rare diseases

India TV News  

New Delhi: To provide much needed relief to the people, the Central Government exempted basic customs duty on all drugs and food for special medical purposes imported for personal use for treatment of all rare diseases listed under the National Policy for Rare Diseases 2021 through a general exemption notification, informed the Ministry of Finance on Thursday. "The Central Government …

Parliamentary panel for framing price control regime for COVID medicines, medical devices
2 years, 9 months ago

Parliamentary panel for framing price control regime for COVID medicines, medical devices

Firstpost  

The panel also recommended exemption of basic customs duty and GST on medicines and medical devices for fighting COVID-19 New Delhi: A parliamentary panel has recommended framing a new price control regime specific for medicines and medical devices for COVID-19 management and put them under price control with no annual increase in prices allowed till the pandemic is entirely over …

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