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.
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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.
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
