TIWN

New Delhi, May 4 (TIWN) In view of the coronavirus pandemic, the Central Government has exempted IGST or integrated GST on import of such goods received free of cost for free distribution of Covid relief.
The exemption is ad hoc and applicable for all specified imports made till June 30, 2021. The exemption will also cover goods already imported but lying uncleared on the date of its issuance of exemption which starts from Monday. Government had earlier issued notification for exempting Basic Customs Duty and/or Health cess imports of a number of Covid-19 related relief materials, for a limited period. These included Remdesivir injection/ API and Beta Cyclodextrin (SBEBCD), Inflammatory diagnostic (markers) kits, imports of which have been exempted from customs till October 31, 2021. Also, imports of Medical grade Oxygen, oxygen therapy related equipment such as oxygen concentrators, cryogenic transport tanks, etc., and Covid-19 vaccines have been exempted till July 31, 2021.
- India’s industrial growth at 3.5 pc in July signals healthy recovery: Economists
- AI to unlock $500 billion opportunity for India’s tech services: Report
- India’s credit rating upgrade to boost investors’ confidence, drive foreign capital inflows
- Centre to update WPI, IIP; announces launch of new Producer Price Index
- S&P Rating's growth projection for India is no surprise: SBI Research