Customs Duty Exemption On Covid 19 Vaccines And Oxygen Imports

To improve the supply of medical oxygen in India which has been hit hard by the second Covid-19 wave, the Central Board of Indirect Taxes and Customs (CBIC) exempted the

Customs Duty on the import of oxygen for three months. The CBIC Notification dated 24.04.2021 announced that the Government has decided to waive the Customs duty and the health cess for three months on the import of medical oxygen and a slew of equipment related to the production of the oxygen. The government also granted basic Customs duty and health cess exemption on Covid-19 vaccines till July 31st, 2021. Know more about the CBIC Norms for Courier Import and Export of COVID-19 Vaccines

Gist of Notification

To augment the medical oxygen production and availability and to meet the rising demand, it was decided to grant full exemption from Basic Customs Duty and health cess on import of the items related to oxygen and oxygen-related equipment for a period of three months i.e. till July 31

st, 2021 The Government of India has decided to waive basic customs duty on the import of Covid-19 vaccines for three months

Exemption list

Besides medical oxygen, the list of equipment on which basic customs duty and health cess have been exempted includes:

Oxygen concentrator including flow meter, regulator, connectors, and tubing
Vacuum Pressure Swing Absorption (VPSA) and Pressure Swing Absorption (PSA) oxygen plants
Cryogenic oxygen Air Separation Units (ASUs) produce liquid/gaseous oxygen
Oxygen canister
Oxygen filling systems.
Oxygen storage tanks
Oxygen generator
ISO containers for Shipping Oxygen
Cryogenic road transport tanks for Oxygen
Oxygen cylinders including cryogenic cylinders and tanks manufacture equipment related to the production
Parts of goods as stated above, manufacture of equipment related to the production, transportation, distribution, or storage of Oxygen, subject to the condition that the importer follows the procedure set out in the Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017.
Any other device from which oxygen can be generated

Customs duty and health cess exemption have also been provided for the import of ventilators (capable of functioning as high-flow devices) with nasal Cannula; compressors, including all accessories and tubing; humidifiers and viral filters; high flow nasal cannula devices with all attachments; helmets for use with non-invasive ventilation; non-invasive ventilation oronasal masks for ICU ventilators; and non-invasive ventilation nasal masks for ICU ventilators. The official notification about the Customs Duty Exemption On Covid 19 Vaccines And Oxygen Imports is as follows:

Import Export Code

The Import Export Code is a primary document that is necessary for commencing Import-export activities. For exporting or importing any goods or services the IE code is to be obtained.IEC has numerous benefits for the growth of the business. Certainly, you cannot ignore the necessity of IE code registration as it is mandatory. You can apply for an

Import Export code through IndiaFilings and obtain it within 6 to 7 days.

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Frequently Asked Questions

Common questions about Customs Duty Exemption on COVID-19 Vaccines & Oxygen Imports.

The exemption aims to improve the supply and availability of medical oxygen and COVID-19 vaccines in India, which has been severely impacted by the second wave of the pandemic. By waiving import duties, the government intends to facilitate easier and more affordable access to these critical items.

For imports of medical oxygen and oxygen-related equipment, the exemption will be valid for three months, until July 31st, 2021. For COVID-19 vaccines, the exemption on basic customs duty will also be in effect until July 31st, 2021.

The exemption list includes oxygen concentrators, Vacuum Pressure Swing Absorption (VPSA) and Pressure Swing Absorption (PSA) oxygen plants, cryogenic oxygen, Air Separation Units (ASUs), oxygen canisters, filling systems, storage tanks, generators, ISO containers for shipping, cryogenic road transport tanks, cylinders, and parts or equipment related to the production, transportation, distribution, or storage of oxygen.

The notification also provides exemption for the import of ventilators (capable of functioning as high-flow devices) with nasal cannulas, compressors and accessories, humidifiers, viral filters, high-flow nasal cannula devices, helmets for non-invasive ventilation, and non-invasive ventilation masks for ICU ventilators.

Yes, the notification mentions that the importer must follow the procedure set out in the Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017, to claim the exemption.

The Import Export Code (IEC) is a mandatory document required for commencing import-export activities. It offers numerous benefits for business growth and cannot be ignored. Obtaining an IEC is necessary for legally engaging in international trade.

You can apply for an Import Export Code (IEC) through platforms like IndiaFilings and obtain it within 6 to 7 days. The process is streamlined and efficient, allowing businesses to quickly secure this essential document.

An Import Export Code (IEC) offers several advantages, including the ability to legally import and export goods and services, access to various export promotion schemes, and eligibility for certain benefits and incentives offered by the government.

Yes, the Import Export Code (IEC) is a mandatory document required for any business involved in importing or exporting goods or services. It is a crucial identification number issued by the Directorate General of Foreign Trade (DGFT).

The Import Export Code (IEC) is a permanent identification number and does not have an expiry date. However, it is important to keep the IEC details updated with any changes in business information or ownership to maintain its validity.