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India's new budget cuts selected drug duties and extends R&D tax breaks

This article was originally published in Scrip

Executive Summary

India's federal budget for 2012-13 gave a little to parts of the pharmaceutical industry, but took away a lot. On the plus side, there are import duty cuts for certain vaccines, anticancers, and HIV/AIDS drugs, while extending tax breaks on specific in-house R&D. But then it raised excise duty on all non-petroleum products from 10% to 12%.



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