Ministry of Finance exempts custom duty on raw materials for manufacturing COVID test kits.

The Ministry of Finance vide its notification 12th July 2021 has granted exemption from duty of customs leviable on Egg Lecithin, Cholesterol HP, HSPC (Hydrogenated phosphatidylcholine from soybean), Raw materials for manufacturing COVID test kits.

The Above exemption shall be granted, based on the condition that the importers shall follow the procedure set out in the Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017.

RECENT UPDATES