FM Nirmala Sitharaman releases list of COVID-19 relief material exempt from tax, holds quick follow-up meeting

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New Delhi: Finance Minister Nirmala Sitharaman on Monday (May 3) undertook a quick observe up motion by briefing the chief secretaries of the states on the order on IGST exemption in an try to hurry up clearances of items obtained free of value for distribution for COVID-19 relief.

The Centre on Monday exempted IGST or built-in GST the import of items obtained free of value for distribution for COVID-19 relief. The exemption relevant on all specified imports made until June 30, 2021.

 

In a tweet the Finance Minister mentioned, “Quick follow-up action in briefing Chief Secretaries of states on today`s order of IGST exemption on specified #COVID19 relief materials (Customs duty waiver given earlier). Will speed up clearance for charitable organisations and others.”

 

The authorities had earlier issued a notification exempting fundamental customs responsibility and/or well being cess imports of a quantity of COVID-19 associated relief supplies for a restricted interval.

These included Remdesivir injection/ API and Beta Cyclodextrin (SBEBCD), inflammatory diagnostic (markers) kits, imports of which has been exempted from Customs responsibility until October 31, 2021.

Imports of medical grade oxygen, oxygen remedy associated tools corresponding to oxygen concentrators, cryogenic transport tanks and so forth., and COVID-19 vaccines have been exempted until July 31, 2021.

The IGST exemption, nonetheless, might be conditional. The Centre had determined that the state governments shall appoint a nodal authority within the states for the aim of this exemption. 

Such authority will then authorise any entity, relief company or statutory physique totally free distribution of such COVID-relief material.

The Finance Ministry assertion mentioned that items may be imported free of value by a state authorities or any entity/relief company/statutory physique licensed on this regard totally free distribution anyplace in India, information company ANI reported.

The importer shall produce a certificates from the mentioned nodal authorities stating that the products are meant totally free distribution for COVID-19 relief.

 





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