{"id":15338,"date":"2024-10-30T00:10:33","date_gmt":"2024-10-29T18:40:33","guid":{"rendered":"https:\/\/asiannewsservice.in\/en\/?p=15338"},"modified":"2024-10-30T00:10:34","modified_gmt":"2024-10-29T18:40:34","slug":"mrp-of-three-anti-cancer-drugs-to-come-down-on-account-of-exemption-from-custom-duty-and-reduction-in-gst-rates","status":"publish","type":"post","link":"https:\/\/asiannewsservice.in\/en\/mrp-of-three-anti-cancer-drugs-to-come-down-on-account-of-exemption-from-custom-duty-and-reduction-in-gst-rates\/","title":{"rendered":"MRP of three Anti-cancer Drugs to come down on account of exemption from Custom duty and Reduction in GST Rates"},"content":{"rendered":"\n<p>Delhi, Oct 29<\/p>\n\n\n\n<p>In line with the Government\u2019s commitment to ensure the availability of drugs at affordable prices, National Pharmaceutical Pricing Authority (NPPA) has issued an&nbsp;<a href=\"https:\/\/www.nppaindia.nic.in\/uploads\/tender\/52b2593ccf4a36153b1e4d44bd825336.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">O.M. dated 28.10.2024<\/a>&nbsp;directing the concerned manufacturers to reduce the MRP on three anti-cancer drugs, Trastuzumab, Osimertinib and Durvalumab.&nbsp; This is in pursuance to the announcement made in the Union Budget for the year 2024-25 exempting these three anti-cancer medicines from customs duty. The Department of Revenue, Ministry of Finance issued Notification 30\/2024 dated 23.07.2024 reducing the custom duty to nil on these three anticancer drugs.<\/p>\n\n\n\n<p>Further, the Department of Revenue, Ministry of Finance has issued notification no. 05\/2024 dated 08.10.2024 notifying the reduction in GST Rates from 12% to 5% with effect from 10.10.2024 on these three drugs.<\/p>\n\n\n\n<p>Accordingly, there should be a reduction in MRP of these drugs in the market and benefits of reduced taxes &amp; duties should be passed on to the consumers. Hence, NPPA vide O.M. dated 28.10.2024 has directed all the manufacturers of above-mentioned drugs to reduce their MRP. The manufacturers are required to issue a price list or supplementary price list to the dealers, State Drugs Controllers and the Government indicating changes and to submit information regarding price change to NPPA through Form-II\/ Form&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Delhi, Oct 29 In line with the Government\u2019s commitment to ensure the availability of drugs&#8230;<\/p>\n","protected":false},"author":3,"featured_media":14822,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,12,2],"tags":[],"class_list":["post-15338","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-health","category-national"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MRP of three Anti-cancer Drugs to come down on account of exemption from 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