The Narendra Modi government on Thursday issued a notification removing restrictions on export of Paracetamol APIs (active pharmaceutical ingredients) with immediate effect.
Earlier, the Directorate General of Foreign Trade (DGFT) said in a notification that restrictions on exports of Paracetamol APIs or raw materials will continue.
Also read:
The government on March 3 had put export restrictions on 26 pharma ingredients and medicines, including paracetamol. However on April 6, it removed the export restrictions on 24 APIs and formulations excluding Paracetamol.
Also read: Coronavirus fallout: Prices of paracetamol, raw materials for key antibiotics soar in India
India exported formulations made from Paracetamol worth $5.41 billion during April-January 2019-20. It was $5.8 billion in 2018-19.
First Published: May 28, 2020 7:24 PM IST
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