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Government may consider import duty hike on some medical devices

The domestic industry including the Association of Indian Medical Device Industry (AiMeD) in its pre-Budget memorandum has asked the government to raise basic customs duty on medical devices in the range of 5-15 percent; the current slab of the import duty is 0-7.5 percent.

This move, which will promote government’s ambitious ‘Make in India’ scheme, may give a push to the domestic medical device manufacturing which has not seen any recognizable development even after three years of ‘Make in India’ campaign.

It stated that the medical devices sector expects an extension of inverted duty tariff rationalization to medical electronics and diagnostics.

Medical devices include any instrument, apparatus, appliance, implant, material or other articles, whether used alone or in combination, including the software intended by its manufacturer to be used especially for human beings or animals for one or more of the specific purposes.

India has achieved a major global position in the pharmaceutical sector. However, the same has not been replicated in the medical devices industry.

Currently, 100 percent FDI is allowed under the automatic route in the medical devices sector to encourage manufacturing of equipment.


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