Center restricts export of amphotericin-B injections

The export of amphotericin-B injections has been classified in the restricted category, noted an official notification issued by the General Directorate of Foreign Trade (DGFT)

The government decided on Tuesday to impose export restrictions on amphotericin-B injections in the face of increasing cases of black fungi. Amphotericin-B is used to treat patients with mucormycosis or black fungal infections.

The export of amphotericin-B injections has been classified in the restricted category, noted an official notification issued by the General Directorate of Foreign Trade (DGFT). This means that amphotericin-B injection exporters would need an authorization or license from DGFT for its outbound shipment. “The export of amphotericin-B injections … is restricted, with immediate effect”, reads the opinion of the DGFT.

With the increase in black fungus cases in the country, the demand for amphotericin-B injections has increased dramatically. Several states have already started to witness shortages of amphotericin-B injections. Due to the acute shortage in the country, India has increased imports of amphotericin-B injections from other countries. The American company Gilead Sciences is expected to deliver 1 million doses of amphotericin to India.

Amphotericin-B has been added to the GST exemption list

In light of the increase in black fungus cases in the country, amphotericin B has been included in the list of GST exemptions. This decision was made at the 43rd GST Council meeting on May 28.

“Due to the increase in black fungus cases, the particular drug that is required for this called Amphotericin B has also been included in the list of exemptions,” Union Finance Minister Nirmala Sitharaman said. , at a press conference after the GST Council meeting.

The GST Council has also granted ad hoc exemptions to COVID-19 relief items. “The Council has decided to exempt the import of relief items until August 31, 2021,” the finance minister said.

Also read: COVID-19 relief, black fungus drug imports exempt from IGST until August 31: FM

About Larry Noble

Check Also

Chambers of Commerce and Industry: Qamar ensures government support to the business community

ISLAMABAD: Federal Commerce Minister Syed Naveed Qamar on Thursday expressed his determination to overcome the …

Leave a Reply

Your email address will not be published.