Breaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeekBreaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeek
  • Home
  • Nation
  • Politics
  • Economy
  • Sports
  • Entertainment
  • International
  • Technology
  • Auto News
Reading: Customs Duty Relief for Critical Medicines in Patient Assistance Programs
Share
Breaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeekBreaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeek
  • Home
  • Nation
  • Politics
  • Economy
  • Sports
  • Entertainment
  • International
  • Technology
  • Auto News
© 2024 All Rights Reserved | Powered by India News Week
Trending Now: Stay updated with the latest breaking news from India and around the world
Critical medicines under Patient Assistance Programmes get some basic customs duty relief
Breaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeek > Nation > Customs Duty Relief for Critical Medicines in Patient Assistance Programs
Nation

Customs Duty Relief for Critical Medicines in Patient Assistance Programs

Nation Desk By Nation Desk February 2, 2025 3 Min Read
Share
SHARE

The recent Union Budget has proposed an expansion of Patient Assistance Programs (PAP), introducing a full exemption from basic customs duty (BCD) for 37 medicines as long as they are provided free of charge to patients.

This initiative includes medications from ten multinational pharmaceutical companies participating in these programs. PAPs aim to alleviate the financial burden on patients by offering costly treatments for conditions such as cancer at little to no cost or at a reduced price. Industry experts, including Hitesh Sharma, a partner and national life sciences tax leader at EY India, noted that participating companies should achieve a cost reduction of at least 5%, which would enhance patient access under these programs.

In her Budget speech, the Finance Minister mentioned, “Specified drugs and medicines under Patient Assistance Programs operated by pharmaceutical companies are completely exempt from BCD, provided these medicines are supplied free of cost to patients. I propose to add 37 more medicines along with 13 new patient assistance programs.”

Anil Matai, the Director General of the Organisation of Pharmaceutical Producers of India (OPPI), expressed that the BCD exemption would not only expand program access for more patients but would also encourage additional companies to initiate similar initiatives. Experts believe that patients suffering from cancer, rare diseases, and various chronic conditions may benefit significantly, as the Budget has exempted 36 life-saving drugs and medicines from BCD. Additionally, another six essential medicines were included in a category with a reduced customs duty of 5%. The Finance Minister also stated that full exemptions and concessional duties would apply to bulk drugs necessary for the production of these medicines.

However, advocates for public health have called on the government to ensure that these benefits are truly passed on to patients. KM Gopakumar from the Third World Network raised concerns about the lack of transparency in drug pricing, reminding that similar initiatives in the past have not provided significant benefits to patients.

Moreover, the Budget emphasized the establishment of daycare cancer centers in all district hospitals over the next three years, with a target of opening 200 centers by the 2025-26 fiscal year.

TAGGED:National NewsNews
Share This Article
Twitter Copy Link
Previous Article Market gives mixed response for the Budget Budget impact: Market reactions split
Next Article Budget 2025:  Nil custom duties on waste and scrap of 12 critical minerals 2025 Budget: Zero Custom Duties on 12 Critical Mineral Waste and Scrap
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

Angel Reese and Caitlin Clark Engage in Fiery Showdown in Dream-Fever Rematch

June 21, 2026

Indian Union Muslim League Quits DMK, Supports TVK in Political Shift

June 21, 2026

Toy Story 5 Advocates Responsible Technology Use Amidst Consumerism Concerns

June 21, 2026

India’s Government Removes Millions from Voter Rolls Ahead of Key State Election

June 21, 2026

Hyderabad Neighbors Clash Over Persian Cat Amid Nationalism Controversy

June 21, 2026

San Francisco Native Returns Home to Film Netflix Romantic Comedy

June 21, 2026

You Might Also Like

Lulu Mall Thiruvananthapuram wins Indian Green Building Council award
Nation

Lulu Mall Thiruvananthapuram Sets New Benchmark in Sustainable Architecture with IGBC Award

2 Min Read
Nation

Brockstedt Mandalas Federico Aids Lewes, DE Accident Victims Through UndRules Initiative

5 Min Read
Broker’s call: Zen Tech (Buy)
Economy

Zen Tech: A Strong Buy Recommendation

2 Min Read
Indian bank stocks fire up after RBI eases capital market lending
Economy

Stocks Rally for Second Day: Metal Shares Surge on October 3, 2025

4 Min Read

About IndiaNewsWeek

IndiaNewsWeek is your trusted source for breaking news, in-depth analysis, and comprehensive coverage of India and the world. We deliver accurate, timely reporting across politics, economy, sports, entertainment, and technology.

contact@indianewsweek.com

Quick Links

  • Nation
  • Politics
  • Economy
  • International
  • Sports
  • Entertainment

More Sections

  • Technology
  • Auto News
  • Education
  • About Us
  • Contact
  • Privacy Policy

Stay Connected

Follow us on social media for the latest updates and breaking news.

Facebook
X (Twitter)
YouTube
Follow US
© 2026 IndiaNewsWeek. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?