Export curb removed from Paracetamol

Export curb removed from Paracetamol

The Centre has permitted the export of formulations (medicinal products) made from Paracetamol. However, the restriction on export of Paracetamol Active Pharmaceutical Ingredients (APIs) will continue. The API is the part of any drug that produces the intended effects.

Paracetamol

Paracetamol is a common fever medication globally.
Paracetamol is the most sought after and widely used drug ever since the Covid-19 outbreak.
According to sources, India is among the leading manufacturers of Paracetamol globally. The production capacity is estimated to be 5,000 tonnes a month.
From an export perspective, it is a low value, high volume product.

Directorate General of Foreign Trade

DGFT is the main governing body in matters related to Exim (Export-Import) Policy.
It is an attached office of the Ministry of Commerce and Industry
The main objective of it under the Foreign Trade (Development and Regulation) Act, 1992 is to provide the development and regulation of foreign trade by facilitating imports into, and augmenting exports from India.

Foreign Trade Act has replaced the earlier law known as the Imports and Exports (Control) Act 1947.

Note: ITCHS codes are better known as Indian Trade Clarification (ITC) and are based on the Harmonized System (HS) of Coding. These were adopted in India for import-export operations. Indian custom uses an eight digit ITC (HS) code to suit the national trade requirements.

Source: TH/AIR

Join Our Telegram

Quarantine and Quality time

Covid-19 tests among the tribal population living along the Godavari river valley area

India’s Indo-Pacific Oceans Initiative (IPOI) – UPSC GS-2 Indo-Pacific Notes

20 Nov, 25
SHARE

India’s Indo-Pacific Oceans Initiative (IPOI) UPSC GS-2 INDO PACIFIC – IR/PSIR IPOI is India’s open, voluntary and non-treaty-based maritime initiative for building a free, open, inclusive and rules-based Indo-Pacific through practical cooperation. Why in News? India’s Indo-Pacific Oceans Initiative has gained renew

AI Impact Summit 2026: IndiaAI Mission, MANAV Vision & Global AI Governance | UPSC GS-3 S&T

19 May, 26
SHARE

AI Impact Summit 2026 UPSC GS-3 S&T PT-MAINS The India-AI Impact Summit 2026 positioned India as a Global South leader by shifting global AI debate from only AI safety and regulation to AI for development, inclusion and real-world impact. Why in News? India hosted the India-AI Impact Summit 2026 at B

Hong Kong Convention for Safe Ship Recycling – IMO Treaty & India’s Ship Recycling Law | UPSC GS-3 Environment

27 Jun, 25
SHARE

Hong Kong Convention for Safe Ship Recycling UPSC GS-3 ENVIRONMENT PT-MAINS The Hong Kong International Convention, 2009 is an IMO treaty that ensures ships are recycled safely without unnecessary risk to human health, worker safety and the environment. Why in News? The Hong Kong Convention entered into force on 26 June 2

LeadIT 2.0: India-Sweden Initiative for Low-Carbon Industry Transition | UPSC GS-2 & GS-3

14 Nov, 23
SHARE

LeadIT 2.0: Leadership Group for Industry Transition UPSC GS-2 IR GS-3 S&T LeadIT 2.0 is the second phase of the India-Sweden-led global initiative to support low-carbon transition in hard-to-abate industrial sectors. Why in News? The second phase of LeadIT was announced at the LeadIT Summit 2023, ho

India-EFTA TEPA: Trade & Economic Partnership Agreement Explained | UPSC GS-2 IR/PSIR

03 Sep, 25
SHARE

India-EFTA Trade and Economic Partnership Agreement UPSC GS-2 IR/PSIR The India-EFTA TEPA is a comprehensive trade pact between India and four non-EU European countries — Iceland, Liechtenstein, Norway and Switzerland — aimed at boosting trade, investment, jobs, services, technology and supply-chain resilience. Wh