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15 July 2021

Exemption on Customs Duty on import of raw material for manufacturing Covid-19 test kits.

Recently, the Central Government has issued notification no. 35/2021-Customs dated 12.07.2021 to provide exemption from customs duty leviable under the First Schedule on import of various goods including raw material for manufacturing Covid-19 test kits subject to the condition that importer follows the procedure set out in the Customs (Import of Goods at Concessional rate of Duty) Rules, 2017, as tabulated below:

Chapter or heading or sub-heading or tariff item Description of Goods
2923 20 90

-        DMPC (1,2-Dimyristoyl-sn-glycero-3-phosphocholine)

-        DMPG (1,2-Dimyristoyl-sn-glycero-3-phospho-rac-glycerol, sodium salt)

-        HSPC (Hydrogenated phosphatidylcholine from soybean)

-        DSPG (1,2-Sistearoyl-sn-glycero-3-phospho-rac-glycerol, sodium salt)

-        Egg Lecithin

2906 13 10 Cholesterol HP
Any Chapter Raw materials for manufacturing COVID test kits

The said exemption shall be available till 31st August, 2021 for goods covered under heading ‘2923 20 90’ and ‘2906 13 10’. However, on raw materials for manufacturing COVID test kits exemption is available till 30th September, 2021.