36 Life-Saving Medicines Fully Exempted from Custom Duty

Aakhir Tak – In Shorts:

1. On February 1, 2025, Finance Minister Nirmala Sitharaman announced the full exemption of 36 life-saving medicines from customs duties.
2. The exemption aims to reduce the cost of critical treatments, especially for cancer patients.
3. A 5% concessional duty will be imposed on these medicines, alongside the full customs duty exemption for their manufacturing.
4. This initiative is expected to improve accessibility to life-saving drugs for millions of patients across India.
5. The government also announced the setup of cancer care centers in every district during the 2025-26 Union Budget.

Aakhir Tak – In Depth:

1. Historic Announcement by the Finance Minister

On February 1, 2025, in the Union Budget for 2025-26, Finance Minister Nirmala Sitharaman made a landmark announcement exempting 36 life-saving medicines from customs duty. This move aims to reduce the financial burden on patients, particularly those battling cancer, whose treatment costs have been a major concern. Cancer experts have long advocated for such initiatives to make essential medications more affordable, and the government’s decision comes as a response to these longstanding demands.

2. Customs Duty Exemption and Its Impact

With the new policy, a 5% concessional duty will apply to the selected medicines, while the manufacturing-related customs duties will be fully removed. This is a significant step towards making critical drugs more affordable and accessible to millions of patients in India. The exemption is expected to ease the financial strain on families, making it easier for them to access life-saving medications.

3. Reducing the Cost of Cancer Treatment

The rising number of cancer cases in India has put immense pressure on the healthcare system, especially when it comes to the affordability of long-term treatment. Cancer drugs, which are often imported, have been subject to high customs duties. By reducing these costs, the government is aligning with the demands of healthcare professionals and patients for more affordable treatment options. This decision will benefit many patients, particularly those requiring extended treatment for advanced stages of cancer.

4. Establishment of Cancer Care Centers

In addition to the customs duty exemption, Finance Minister Sitharaman also announced the establishment of cancer care centers in every district across India. These centers will provide specialized treatment to cancer patients, ensuring that healthcare facilities are accessible to patients in remote areas. This initiative is aimed at improving the healthcare infrastructure and providing timely care to those in need.

Aakhir Tak – Key Takeaways to Remember:

1. 36 life-saving medicines have been exempted from customs duty.
2. This initiative will reduce the cost of cancer treatment significantly.
3. A 5% concessional duty is introduced, while manufacturing-related customs duties are removed.
4. The government plans to establish cancer care centers in every district.
5. This step aims to make healthcare more affordable and accessible across India.

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