BusinessIndia Exempted from US Tariff on Certain Specialty Drugs
India is among 20 jurisdictions exempted from a 100% US tariff on certain patented specialty pharmaceutical products and ingredients, effective September 29. The exemption, announced by the US Commerce Department, applies to countries with trade and security agreements with the US or products meeting urgent US health needs. Other exempted regions include the EU, Japan, South Korea, and the UK.
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