The Ministry of Finance on 29th September 2021 has waived the whole of customs duty on COVID-19 vaccines falling within the Chapter, heading, sub–heading or tariff item of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) when imported into India.
The move will boost domestic availability and make them cheaper as it will help keep low the cost of overseas vaccines. The exemption shall come into force from 1st October 2021 and will remain in force up to and inclusive of 31st December, 2021.
