The Business Bytes
TBB BUREAU
NEW DELHI, MAY 1, 2021
Amid increasing demand for oxygen due to rapid surge in COVID-19 cases across the country, the government has allowed imports of oxygen concentrators for personal use through post, courier or e-commerce portals under the ‘gifts’ category, the Ministry of Commerce & Industry said on Saturday.
The exemption for oxygen concentrators is allowed till July 31, 2021, it said.
A notification issued by Directorate General of Foreign Trade, Ministry of Commerce and Industry on 30th April, 2021 states that Para 2.25 of Foreign Trade Policy, 2015-20 stands revised for the purpose.
Currently, all imported goods declared as gift with customs authorities attract customs duty and integrated GST.
An oxygen concentrator is a medical device that concentrates oxygen from ambient air. These concentrators capture and filter the air, unlike oxygen cylinders which can only store a fixed amount of oxygen.
