The Federal Board of Revenue (FBR) has issued an exemption on customs duty for the import of oxygen gas and oxygen cylinders.
The decision, outlined in the recently issued SRO 488(I)/2022 dated April 5, 2022, aims to facilitate the importation of essential medical supplies.
The FBR, recognizing the critical need for medical-grade oxygen during the COVID-19 pandemic, has extended this exemption to ease the financial burden on healthcare providers and ensure the uninterrupted supply of oxygen for medical purposes. The exemption covers the period from November 9, 2021, to June 30, 2022.
The specific items eligible for customs duty exemption include:
1. Oxygen Gas (PCT Code 2804.4000)
2. Cylinders for Oxygen Gas (PCT Code 7311.0090)
3. Cryogenic Tanks for Oxygen Gas (PCT Code 7311.0030)
This initiative aligns with the global efforts to combat the challenges posed by the pandemic, where the availability of medical-grade oxygen has been crucial in treating COVID-19 patients with respiratory complications. The exemption aims to expedite the importation process, ensuring a seamless and timely supply of these essential medical resources.
The FBR’s decision underscores the government’s commitment to supporting the healthcare sector and addressing the unique challenges posed by the pandemic. The exemption on customs duty is expected to contribute to the overall resilience of the healthcare infrastructure, allowing medical facilities to maintain an adequate supply of oxygen for patient care.
It’s important to note that oxygen plays a vital role in the treatment of severe COVID-19 cases, where patients may experience difficulty breathing. By waiving customs duties on the import of oxygen-related equipment, the FBR aims to enhance the accessibility of these life-saving resources and support healthcare professionals in their tireless efforts to combat the virus.
The exemption is also in line with the broader international response to ensure the availability of medical supplies during a public health emergency. Governments around the world have taken similar measures to facilitate the importation of essential medical equipment and supplies, recognizing the global interdependence in addressing health crises.
Stakeholders in the healthcare sector, including hospitals, medical suppliers, and importers, are encouraged to take advantage of this customs duty exemption to strengthen the healthcare system’s capacity to respond to the ongoing challenges posed by the pandemic.
The FBR’s decision reflects a proactive approach to align fiscal policies with public health priorities, demonstrating the government’s commitment to prioritize the well-being of citizens. As the situation evolves, such measures contribute to the resilience and adaptability of the healthcare system, ensuring it remains equipped to meet the demands of the ongoing health crisis.