Govt relaxes export curbs on 24 pharma ingredients, medicines

Government has relaxed export curbs on 24 pharma ingredients and medicines including vitamin B1 and B12. Directorate General of Foreign Trade (DGFT) issued a notification in this regard yesterday. Last month, DGFT had imposed export restrictions on 26 active pharmaceutical ingredients (APIs) and formulations, under which exporter has to obtain a licence or permission from the DGFT. Easing of curbs on 24 APIs and its formulations assumed significance as certain pharma companies have raised concer...