The government banned the export of these medicines: See notification
Notification No. 50/2015-20
Subject: Amendment in Export Policy of APIs and formulations made from these APIs.
S.O.(E) In exercise of powers conferred by Section 3 of the Foreign Trade( Development & Regulations) Act, 1992(No.22 of 1992), as amended, read with Para 1.02 and 2.01 of the Foreign Trade Policy, 2015-20, the Central Government hereby makes amendments, with immediate effect in Chapter 29(Organic Chemicals) and Chapter 30(Pharmaceutical) of the Schedule 2 of the ITC (HS) Export Policy, 2018, by inclusion of items, as indicated in the table below:
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2. Effect of this Notification:
Export of specified APIs(Active Pharmaceutical Ingredients) and formulations made from these APIs under the ITC HS Codes mentioned against each is hereby ‘restricted’, with immediate effect and till further orders.
Related Topic:
Amendments In Foreign Trade Policy 2015-20
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