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Rate of basic customs duty on certain specified medical device increased from 5 to 7.5 ; Simultaneously exemption from additional customs duty (SAD) on these medical devices has also been withdrawn and they will now attract 4 SAD; Further to give fillip to domestic manufacturing basic customs duty is being reduced to 2.5 along with full exemption from SAD on raw materials parts and accessories for manufacture of medical devices falling under headings 9018 to 9022

News and Press Release - Dated:- 21-1-2016 - In line with its Make in India campaign, the Government of India had constituted a Task Force to examine various issues concerning the domestic Medical Devices Sector. The said Task Force had made certain recommendations regarding rationalization of customs duty structure for the sector, so as to promote domestic manufacturing of medical devices. Taking into consideration the recommendations of the Task Force, the Government has increased the rate of .....

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