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Domestic medical device makers seek hike in basic custom duty

Press Trust of India  |  New Delhi 

The needs to increase the basic customs duty on medical devices in the range of 5-15 per cent to promote domestic manufacturing, Association of Indian Industry (AiMeD) said today.

The current slab is 0-7.5 per cent, it said.

"The has rightly revised custom duty on to up to 20 per cent recently to maintain the investment climate, and same is sought for Medical where import dependency is 90 per cent," AiMeD Forum Coordinator told

He said nominal import duty on critical items is not protectionism but sound 'Make in India' economics.

The industry body urged the to introspect as to why, even after three years of the 'Make in India' campaign, the is still floundering.

On its expectations from the Union Budget (2018-19), AiMeD said the medical devices sector expects, "extension of inverted duty tariff rationalisation to medical & diagnostics".

It also urged the government to expedite buy Indian policy drafted by which is pending with Ministry of & Family Welfare.

AiMeD also asked the to accelerate trade margin capping proposal in the range of 50- 100 per cent, depending on the cost of the devices.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 11 2018. 15:25 IST