WebJan 22, 2024 · Updated: 22 Jan 2024, 10:03 PM IST Ashwini Kumar Sharma. Cess collected for a particular purpose cannot be used for or diverted to other purposes. At … WebJan 11, 2024 · MTaI said the high customs duty has adversely impacted the costs of medical devices in India and it should be reduced to 2.5 per cent. Also, the 5 per cent health cess ad valorem imposed on...
Medical devices - WHO
WebFeb 2, 2024 · Though the health cess of 5 per cent on import of medical equipment will augment resources for funding of expenditure on healthcare sector, the hike will increase the cost of equipment, which is a near term negative for the players, ICRA Corporate Ratings Group Head & Senior VP Shubham Jain said. WebFeb 4, 2024 · To give impetus to domestic industry and generate funds for health services To achieve the twin objectives of supporting local manufacturers and generating funds to … hugo maerten
Cess on medical device imports may cast a shadow on US deal
Web2 hours ago · The U.S. Environmental Protection Agency has proposed a new set of restrictions on facilities that use ethylene oxide, a carcinogenic chemical used in … WebJan 11, 2024 · Also, the 5 per cent health cess ad valorem imposed on imported medical devices has further compounded the burden on the industry and should be removed. There is a need for focussed increase in public spending on health infrastructure especially in Tier 2, Tier 3 cities and rural areas, MTaI added. WebFeb 1, 2024 · Budget 2024- Seeks to further amend notification No. 08/2024-Customs dated 2nd February, 2024 so as to exempt the medical devices imported by international organizations and diplomatic missions, from the levy of Health Cess – Notification No. 6/2024-Customs Dated 1st February, 2024. GOVERNMENT OF INDIA MINISTRY OF … hugo ljungberg