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The tariff rate for 23 pharmaceutical lines will be reduced from the current tariff rate of 3% to zero from December 13, 2021 to March 31, 2022

According to the Customs Department, the tariff rate for 23 pharmaceutical raw materials will be reduced from the current 3% tariff rate to zero% from December 13, 2021 to March 31, 2022. Ministry of Planning and Finance Control It is a product that is really needed in the production of medical drugs and can be produced locally in large quantities.

In order to protect the production of domestic medicines and facilitate the easy purchase of local medicines, the tariff rate of 23 pharmaceutical raw materials in Chapter (29), Appendix 29 of Myanmar Customs List (2017) has been reduced from the current tariff rate of 3% to zero tariff from 13 December 2021 to 31 March 2022.

Therefore, the promulgation date for the effective date of the promulgation date of the promulgation date of the promulgation date is October 3, 2021 to March 31, 2022 20 March 2021 20 March 2021 to apply for the Customs Duty Exemption Code as the Customs Duty Exemption Code for COVID-19. If less / more is collected, the return and re-collection process will be contacted to the relevant divisions. MACCS Branch issued Notification No. (15/2021).

Source: Daily Eleven

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