The government has allowed imports of oxygen concentrators for personal use through the post, courier, or e-commerce portals under the gift category amid increasing demand for oxygen due to rising COVID-19 cases.
According to the Commerce Ministry, the exemption for oxygen concentrators is allowed only for a period till July 31, 2021.
Earlier, oxygen concentrators were not mentioned in the list. Now, it has been added on account of its high demand due to COVID-19 cases.
An oxygen concentrator is a medical device that concentrates oxygen from ambient air. It is in high demand due to increasing COVID-19 cases in the country. These concentrators capture and filter the air, unlike oxygen cylinders which can only store a fixed amount of oxygen.
This move by the government is in line with the government's Make in India initiative, however the revision of the policy of lowering trade barriers and may lead to higher prices of goods but which is aimed at promoting manufacturing
An inter-ministerial panel has recommended extending ban on imports of milk and its products from China for one more year.
Govt slashed import tariff value on gold and silver following weak global price trends.
Gold exports rose by 22 per cent rose by 22 per cent to Rs 33,594 crore in the H1 of this fiscal.
Copyright © 2009 - 2024 Franchise India Holdings Ltd