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Finance Ministers of India

Pranab Kumar Mukherjee
(1982-1985, Feb 2009-May 2009, May 2009-Continuing)

Pranab Kumar Mukherjee is a prominent leader of India National Congress. He has...
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Sectoral Expectations from Union Budget 2011-12: Pharma & Healthcare

India Infoline Research Team / 14:55, Feb 23, 2011

Extension of the list of Drugs under DPCO

Pharma & Healthcare

Expectation
 Probability
 Implications
Extension of the list of Drugs under DPCO
 Low
 Negative for the Pharma companies deriving larger % of sales from the drugs under DPCO
Change in transfer pricing policy (API attracts 10% excise duty whereas formulations 4%)
 Medium
 Good for the companies having vertical integration (Lupin, Dr Reddy, Sun Pharma, IPCA, Unichem,  etc)
Infrastructure status to Healthcare
 Medium
 Good for Apollo Hospital and Fortis
Extension of tax exemption beyond FY11 in EOUs
 Medium
 Good for Dishman, Cipla, Divis, IPCA, Unichem, Torrent, etc
Exemption of central excise duty on physician samples
 Low
 Good for overall Pharma Sector
Extension of weighted deduction on R&D on all research related services (currently in-house R&D at 200%)
 Low
 Good for overall Pharma Sector


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