Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Local medical device makers bat for 15% import duty.


Date: 02-02-2024
Subject: Local medical device makers bat for 15% import duty
Domestic medical device makers say the government should consider levying up to 15% import duty in a bid to reduce dependence on inbound shipments.

"It's disheartening to note that imports are still on an increasing uptrend of over 21% over the last 12 months at ₹61,000 crore compared to ₹50,000 crore in the same period of preceding 12 months," said Rajiv Nath, forum coordinator, Association of Indian Medical Device Industry.


He said that the government should review the steep 33% increase in imports from the US of ₹1,0858 crore over ₹8,186 crore in 2021-22, Germany up at ₹6,188 crore from ₹4,855 crore in 2022, by a steep 27%. Imports from the Netherlands also increased by 20% to ₹3,552 crore in 2022-23 from ₹2,956 crore in 2021-22, whereas imports from China increased by 11% at ₹10,384 crore in 2022-23 from ₹9,374 crore in 2021-22 and Singapore by 15% from ₹4,800 crore to ₹5,520 crore."

The industry expects an increase in Custom duty to a nominal 10-15% duty and a predictable tariff policy, correction of inverted duty by levying health cess of 5% Custom duty on balance medical devices (this was not earlier applied to all HS Codes) in the Budget.

Source Name : Economic Times
 

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 06-06-2025
Notification No. 13/2025-Customs (ADD)
Seeks to impose Anti Dumping Duty on imports of ‘Insoluble Sulphur’ originating in or exported from China PR and Japan.

Date: 30-05-2025
Notification No. 31/2025-Customs
Seeks to i. extend the specified condition of exemption to imports of Yellow Peas (HS 0713 10 10) to bill of lading issued on or before 31.03.2026; ii. to reduce the basic custom duty on crude soya bean oil (HS Code 15071000), crude sunflower oil (HS Code 15121110), and crude palm oil (HS Code 15111000) from 20% to 10%

Date: 30-05-2025
Notification No. 38/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 26-05-2025
NOTIFICATION No. 37/2025-Customs (N.T.)
Notification of ICD Jalna, Maharashtra u/s. 7(1)(aa) of Customs Act, 1962" and it was issued under Section 7(1)(aa) of Customs Act, 1962

Date: 23-05-2025
Notification No. 30/2025-Customs
Seeks to amend notification No. 55/2022-Customs dated 31.10.2022 to remove the condition required for availing exemption on Bangalore Rose Onion.

Date: 23-05-2025
NOTIFICATION No. 36/2025 - Customs (N.T.)
Amendment in the Notification No. 63-1994-Customs (N.T) dated 21.11.1994 in respect of Land Customs Station, Raxaul

Date: 15-05-2025
Notification No. 34/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 09-05-2025
Notification No. 29/2025-Customs
Seeks to exempt works of art and antiques from Basic Customs Duty

Date: 30-04-2025
Notification No. 02/2025-Customs (CVD)
Seeks to amend Notification No. 05/2024-Customs (CVD) dated the 11th September, 2024 so as to align with changes made vide Finance Act, 2025

Date: 30-04-2025
Notification No. 26/2025-Customs
Seeks to rescind Notification No. 04/2025-Customs dated the 1st February, 2025



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001