Local medical device makers seek trade margin rationalisation in Budget 23

Group wants basic custom duty on import of medical devices increased to 10-15%

A group representing Indian medical device manufacturers wants trade margin rationalisation in order to boost domestic industry and reduce dependence on imports, recommending the step ahead of the Union Budget early next year.

The Association of Indian Manufacturers of Medical Devices (AiMeD) said that the purpose of low duty was to help consumers get affordable access to devices. The objective fails if they are charged a maximum retail price (MRP) that is 10- to 20-times import or landed price.

“Customs recording of MRP on Bill of Entry will assist to bring in data generation for Policy Making by evidence of