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Home > Business > Budget 2006 - 2007 > Report
Life saving drugs to be cheaper
February 28, 2006 14:33 IST
Certain life-saving drugs, kits and equipment will now be cheaper.Presenting the Budget for 2006-07, Finance Minister P Chidambaram proposed to reduce customs duty on 10 anti-AIDS and 14 anti-cancer drugs to five per cent. He also proposed to reduce the duty on certain life-saving drugs, kits and equipment from 15 per cent to five per cent. These drugs will also be exempt from excise duty and countervailing duty, the minister said.
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