Duty Free Import of R&D Equipment for Pharmaceuticals and Bio-technology Sector

2.55

Duty free import of goods (as specified in list 28 of Customs notification No.21/2002 dated 1.3.2002, as amended from time to time) upto 25% of FOB value of exports during preceding licensing year, shall be allowed.

The eligible unit may furnish an application given in Appendix 15A to RA concerned duly countersigned by Chartered Accountant.