Business Daily from THE HINDU group of publications
Saturday, Aug 05, 2006

Cross Currency

Group Sites

Industry & Economy - Pharmaceuticals
More sops for AIDS drugs sought

Our Bureau

New Delhi, Aug. 4

The Department of Chemicals and Petrochemicals has sought tax exemption from the Department of Customs and Excise on a large number of anti-AIDS drugs. These benefits are mostly sought for pharmaceutical companies to produce second line of drugs for AIDS.

As of now many AIDS medicines selectively enjoy exemption from customs duty as well as from additional duty. A number of drugs enjoy excise exemption also.

Now the "department has recommended that some more anti-AIDS medicaments, particularly bulk drugs and formulations, should also be exempted from customs and central excise, so that these medicaments could be made available to the patients at a cheaper price," the Minister of State for Chemicals and Petrochemicals, Mr B.K. Handique, informed Parliament on Friday.

More Stories on : Pharmaceuticals | Excise and Customs | Health

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Rain wreaks havoc in AP, relief work on

Inflation up as pulses, vegetables turn dearer
M.P. clears proposals worth Rs 22,000 cr
Tirupur wastewater project by year-end
Kyoto Protocol facilitates Rs 19,623-cr investments in cleaner projects
India, Ivory Coast to expand bilateral trade
Stempeutics set for first stem cell trials
CCEA okays Gates Foundation's donation to PHFI
Hyderabad Marriott Hotel opens
Dishman spreads wings in Europe
Iran wants to renegotiate 5-mt LNG deal with India
Oil PSUs may avert rise in under-recoveries in Q2
IDFC PE to invest $60 m in KG Gas Network
More sops for AIDS drugs sought
Karur textile promotion council formed
Panel to regulate technical textiles use
Unspeakable horror
HP grant for Jadavpur varsity
Japan's Hino to source engine components from Ashok Leyland
Bengal survey on pesticide presence in soft drinks
Call to set up SEZ for making medical equipment
TN: Residents of unapproved layouts get a breather
N. Arcot leather units brace up to meet retail major orders
IICT licenses cancer patents to US co
Vidarbha package disbursal gains speed
Wedding gifts
Exporters, importers urged to use e-services of DGFT
Landslide in Araku valley
`2.4 lakh rooms needed to cater to tourism growth'

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line