Union Budget 2024: MedTech Body Seeks Reduction In Customs Duties On Non-Substitutable Device Imports

Union Budget Expectations: Union Finance Minister Nirmala Sitharaman will announce the Union Budget 2024 on February 1 in the Lok Sabha

MTal, which is an association representing India's leading research-based medical technology companies, has a significant presence in training and manufacturing. ( Image Source :Getty )

The Medical Technology Association of India (MTaI) on Wednesday said that the industry expects the government to address issues on healthcare, which continues to attract very high tariff and customs duty rates, in the upcoming Union Budget. Despite healthcare being one of the crucial sectors for the country, it suffers from imposition of additional health cess ad valorem levied on the sector. Union Finance Minister Nirmala Sitharaman will announce the Union Budget 2024 on February 1 in the