A panel constituted by the government has recommended a great relief. This panel has recommended reduced import duty on 200 important medicines and their content. This means that if this recommendation is applied, then the prices of these drugs can be reduced and the treatment may be cheaper.
Actually, this step can be taken to keep the prices of medicines under control and to make healthcare cheaper in India. India is still dependent on countries like China for many important medicines and their raw materials. When these things are ordered from abroad, they get import duty, which makes the medicine expensive.
The panel has advised that if the tax imposed on these is reduced, then companies will get this material cheaper and the patients will get the benefit directly. Also, the cost of companies making drugs in India will also be reduced.
This step is especially focused on drugs that are used in the treatment of serious diseases like cancer, TB, diabetes and heart diseases.
After getting the approval of the government, this change can become a relief for crores of patients of the country. This will strengthen the healthcare system and people will get cheap medicines.
5% There are 74 medicines in the list of custom duty while there are 69 medicines in the full discount list. 56 medicines used to treat rare diseases have also been given exemption from custom duty. The panel has recommended the removal of custom duty on medicines used in treating diseases used in treating diseases such as spinal muscular atrophy, cystic fibrosis, gaucher disease, fabry disease, lysosomal storage disorder and hereditary enzymes. Some of these medicines are among the most expensive medicines in the world. One of his courses costs crores.
