@PharmaBiz: The Indian Health Ministry is making a strong move by forwarding proposals to be included in the Union Budget. It has addressed a proposal to increase the budget allocated for requisite manpower and infrastructure. The Health Ministry has also forwarded its request for setting up of medical device testing laboratories each worth INR 400 mn in order to strengthen regulatory framework for medical devices sector.
It has also made plea for exemption of customs duty of life-saving medical devices and consumables used with devices in special life-saving treatment procedures. A waiver in the customs has also been requested for radiopharmaceuticals used in diagnostic imaging and scanning. Added to these, on behalf of the industry, the Health Ministry has sought for rationalisation of duty exemptions to bring in clarity, as different medical devices have different level of exemptions under various entries in different notifications. Lastly, it has also suggested reduction in excise duty from current 10% to nil on locally purchased input for the manufacture of medical equipment, spares and accessories.