Business StandardCenter·
US exempts India, 19 other nations from 100% tariff on speciality drugs
The US will not charge any ad valorem tariff on certain speciality drugs and associated ingredients used for treatment of rare medical conditions imported from India and 19 other countries. An ad valorem tariff is a set percentage of the monetary value of the goods to be taxed, according to the World Customs Organisation. The US Commerce Department published the list of countries in the Federal Register as it prepares to impose a 100 per cent tariff on certain patented pharmaceutical imports an…
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