Home India Ministry of Commerce and Industry Amendment in Export Policy of Injection Remdesivir and ...
Date: 2021-06-14 Category: Not Applicable State: Union Government Country: India

Amendment in Export Policy of Injection Remdesivir and Remdesivir API.

Issued by Ministry of Commerce and Industry · Directorate General Of Foreign Trade

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Executive Summary & Key Takeaways

**Summary:** This notification, issued by the Directorate General of Foreign Trade, Ministry of Commerce and Industry, Government of India, on June [Date Missing], 2021, amends the export policy regarding Injection Remdesivir and Remdesivir Active Pharmaceutical Ingredients (API). Specifically, Notification No. 01/2015-20 dated 11.04.2021 is revised, placing the export of Injection Remdesivir (ITC HS Codes Ex 293499 and I207AA Ex 300490) and Remdesivir API under the "Restricted" category, effective immediately. This applies regardless of the specific HS code under which these items may be classified. However, the export of Remdesivir Injections and API against Advance Authorizations issued under Chapter 4 of the Foreign Trade Policy (FTP)/ Handbook of Procedures (HBP) will not require separate export authorization or permission. For further information, contact Amit Yadav, Director General of Foreign Trade & Ex-Officio Additional Secretary, Gol, at dgft@nic.in, referencing F.No.01/91/180/24/AM22/ECE27724.

Key Entities Referenced

Ministry of Commerce and Industry: The Indian Governmental Ministry responsible for international trade and commerce. Directorate General of Foreign Trade: The agency of the Ministry of Commerce and Industry responsible for implementing foreign trade policy. New Delhi: The location of the Udyog Bhawan, and place of issue for the notification. Foreign Trade Development and Regulation Act, 1992: The Indian law that empowers the government to regulate foreign trade. Foreign Trade Policy, 2015-20: The policy document outlining the framework for India's foreign trade. Injection Remdesivir: A pharmaceutical product, export policy of which is being amended. Remdesivir API: Remdesivir Active Pharmaceutical Ingredient, export policy of which is being amended. Amit Yadav: Director General of Foreign Trade and Ex-Officio Additional Secretary
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Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan New Delhi Notification No.08/2015-2020 New Delhi, Dated: |‘; June, 2021 Subject: Amendment in Export Policy of Injection Remdesivir and Remdesivir API. S.O. (E) In exercise of powers conferred by Section 3 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992), as amended, read with Para 1.02 and 2.01 of the Foreign Trade Policy, 2015-20, the Central Government herebyamends the Notification No. 01/2015-20 dated 11.04.2021 related to export of Injection Remdesivir and Remdesivir Active Pharmaceutical Ingredients (API): , S.No |ITC HS Codes Description Present Policy Revised | Policy | Injection Remdesivir | Ex 293499 and Remdesivir Active I207AA |Ex 300490 Pharmaceutical Prohibited Restricted Ingredients(API) 2. The export of Remdesivir Injections/API against the Advance Authorizations issued under Chapter 4 of FTP/HBP shall not require a separate export authorisation or permission. 3. Effect of this Notification: The export of Injection Remdesivir and Remdesivir Active Pharmaceutical Ingredients (API) falling under the ITC (HS) Codes specified above or falling under any other HS Code has been put under Restricted category with immediate effect. The export of Remdesivir Injections/API against the Advance Authorizations will not require a separate authorisation/ permission. ao ea) , (Amit Yadav) Director General of Foreign Trade Ex-Officio Additional Secretary, Gol Email- dgft@nic.in (Issued from F.No.01/91/180/24/AM22/EC/E-27724)

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