Pharma units in HP and Uttarakhand urge centre to extend excise benefits to all units till 2020

With contract manufacturing business fast eroding and units migrating to places like Sikkim and Jammu, the pharmaceutical industry in Himachal Pradesh and Uttarakhand have urged the Government to extend the excise benefits to all the units at leasst till 2020 to ensure level playing field.

Major industry associations like the Federation of Pharma Entrepreneurs (FOPE) and the Himachal Pradesh Drug Manufacturers Association (HDMA) have made representations to the Departments of Pharmaceuticals and the Ministry of Commerce with the demand, time and again.

“The contract manufacturing business will come to an end in the next three years. About 30-40 per cent of the units are ready to sell their business or shift to new business segments. The major companies are shifting their bases to places like Sikkim and Jammu where still excise benefits are available,” according HDMA general secretary S L Singla.

“About 70 per cent of the units are not enjoying the advantage of excise benefits now. By 2016 and 2017, the rest of the units also will have lose the benefits after the stipulated 10 years term. What we have been asking the government to extend the benefit at least till 2020 for the survival of the industry here,” he added.

“When it was launched, the excise duty was 16 per cent outside the zones and it lured the companies to migrate and cash on this. The duty was cut down to four per cent over the years and those outside the units now can get more benefits through reimbursement under MODVAT. After paying just four per cent duty on their production cost, they can earn more by reimbursing four percent of the MRP. Thus earns more than we stand to gain,” Singla explained.

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2/17/2014 12:33:47 PM