Indian medical devices companies want revised duty scheme

Medical Devices Directory Forums News & Gossips Indian medical devices companies want revised duty scheme

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    Despite Prime Minister Narendra Modi’s initiative of Make in India, the medical devices sector is largely dominated by imports, giving rise to “protectionist” demands of correcting the inverted duty structure in the budget. Levying a 10% basic customs duty on finished goods and 2.5% on raw materials, banning imports of second-hand medical devices and charging a 1% cess as excise duty on MRP payable by importers and manufacturers, would boost local production and control prices, experts say.
    Full story can be found from The Times of India

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