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Govt may consider cutting customs duty on some medical devices


Published Date: 2/7/2019 4:44:38 AM
The government may consider reducing customs duty on certain medical devices in the forthcoming budget with an aim to boosting domestic manufacturing of such goods, sources said. 

The move would also help promote the government's ambitious Make in India initiative, said the source. 

Industry chamber CII in its has pre-budget memorandum has asked the government to reduce customs duty from 10 per cent to 2.5 per cent on PDS Plates used for nasal reconstructive surgery. 
It has also asked to exempt the duty on instruments for joint replacement and spinal equipment. 

"Reduction of basic customs duty on PDS Plates to 2.5 per cent would reduce the cost and benefit the patients," CII has said. 

The government has recently set up National Medical Devices Promotion Council (NMDPC) to boost manufacturing, attract investments and promote exports of the fast-growing sector. 


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