Breaking NewsBusinessIndia

Centre to form Export Promotion Council to promote Ayurvedic products in the world market


New Delhi: The government is planning to form an Export Promotion Council to advance the growth and export of Ayurvedic products in the world market, Kiren Rijiju, Minister of Ayurveda, Yoga & Naturopathy, Unani, Siddha and Homeopathy said in Lok Sabha on Monday.

In a written reply to the lower house of Parliament, he said the AYUSH ministry in cooperation with the Commerce and Industry ministry has proposed to set up the Council for medicines and products, and service of Ayurveda, Homoeopathic, Siddha, Sowa Rigpa and Unani systems.

Industry chamber Federation of Indian Chambers of Commerce & Industry has been given the responsibility as a nodal agency for AYUSH ministry to coordinate with other industry bodies and companies to develop a corpus for formation of the Council as per the norms/ guidelines of the Commerce ministry.

The export of Ayurvedic products takes place under the Indian Trade Classification based on Harmonized System of Coding (ITCHS) through two HS codes-30039011 for medicants and 30049011 for medicaments. The export of products of Unani, Siddha and Homoeopathic systems takes place through HS codes – 30039012, 30039013, and 30039014 (medicants) and 30049012, 30049013, and 30049014 (medicaments) respectively. Most of the products of Ayurveda, Homoeopathic, Siddha, Sowa Rigpa and Unani systems, Herbal Products and Medicinal Plant products are not identified under specific HS Codes (International Harmonised Commodity Description and Coding System).

A Forum on Indian Traditional Medicine in the Research Information System for Developing Countries has been set up as a common platform for all stakeholders to contribute to policy making in the area and to develop a proactive strategy. In view of expansion of coverage of HS for products and medicinal plants and to come up with uniform classification system for AYUSH and Herbal products, AYUSH ministry has set up Task Force on expanding trade classification, quality control and standardization of Indian Systems of Medicine and Herbal Products, said Rijiju.

As per the recommendation of Task Force, Ministry of AYUSH has requested Central Board of Indirect Taxes & Customs, Department of Revenue, Ministry of Finance, for allocation of new HS lines for ISM Products, Herbal Products and Medical Plants products.

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker