Centre draws a price line to curb cheap pharma imports

Centre draws a price line to curb cheap pharma imports

The Indian government has set a minimum import price (MIP) for certain key pharmaceutical inputs to combat aggressive undercutting and dumping from Chinese manufacturers. The government imposed the floor price restrictions on import of potassium clavulanate, and some intermediates used for the manufacturing of clavulanic acid and potassium clavulanate. Potassium clavulanate is used by the…

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Pharmaceutical industry seeks relief from rate inversion

Pharmaceutical industry seeks relief from rate inversion

New Delhi: The pharmaceutical industry may get relief on the long-standing issue of Goods and Services Tax (GST) inversion, with recent discussions between companies and the government pointing to a favourable solution as part of GST reforms, people aware of the developments told ET.Several representatives from the pharmaceutical export industry recently met the GST Council…

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Drug, medtech companies fear GST changes may squeeze funds

Drug, medtech companies fear GST changes may squeeze funds

New Delhi: The pharmaceutical and medtech industries are worried about the impending Goods and Services Tax (GST) reforms as they expect the step to impact operating costs and working capital, straining their financial health. Rajiv Nath, forum coordinator, The Association of Indian Medical Device Industry (AiMeD) said for equipment, electronics, reagents, and implants, reducing GST…

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