All around the globe, people are in need of medicines; some of the medicines are manufactured and
available to them locally. But for the remaining percentage, the medicines have to be imported from
other cities or from other countries. This emphasizes the trade of pharmaceutical products However,
such a trade must be ethical and business oriented.
In this section, we tell you how pharma products are imported. If you are a pharmaceutical importer in India , this article will be helpful for you. It will help you manage the process effectively, without many hassles.
First and foremost, government registration is required if you want to become an importer or
exporter in the country. Usually, the Foreign Trade Government Office of the respective country
offers such authorization. For example; in India, the IEC number has to be obtained if you want to
operate as a pharmaceutical exporter/ pharmaceutical importer in India.
IEC Code is known as ‘Importer Exporter Code’. It is a unique 10-digit code issued by the DGFT – Director General of Foreign Trade, Ministry of Commerce, Government of India to Indian Companies. To import or export in India, IEC Code is mandatory. No person or entity can import or export anything without the IEC Code Number.
This process to become an importer is a one-time process. Only one IEC is issued against a single PAN or Aadhar number. Renewal may be required as per the terms and conditions of the foreign trade office.
Common Documents Required to Import Pharma Products
If you are a pharmaceutical importer in India, you need to have the following documents in place:
- Certificate from Wild Life Protection Board – This certificate is required if any products of imports or exports fall under the regulation list of the Wild Life Protection Board.
- No Objection Certificate (NOC) - No objection certificate from the drug controller is required if you are importing pharmaceutical products.
- Certificate of Origin – This certificate is very important. A certificate of origin (CO) is a document declaring in which country a commodity or good was manufactured. The certificate of origin contains information regarding the product, its destination, and the country of export.
Apart from the above, documents like bill of lading/airway bill, insurance certificate, or test report if any need to be cleared depending on the rules and regulations. These are necessary to complete the customs clearance procedures.
Procedure and Formalities
Prior to the actual shipment of goods, the importer and supplier must mutually agree on the terms
and conditions about import sale. Several factors like specifications, quality, pricing, terms and
mode of payment, delivery time, mode of shipment, etc need to be agreed upon and mentioned in the
purchase order when importing pharmaceutical products.
In most situations, you also need to serve an advance notice to the desired authorities regarding the import of pharmaceutical products. This has to be done before the goods actually arrive at the port.
Public health considerations demand that medicines should not be treated in the same way as ordinary commodities. Their manufacturing and subsequent handling within the distribution chain, both nationally and internationally, must conform to prescribed standards and regulations. These precautions serve to assure that people receive high standard quality medicines. It also helps prevent the infiltration of substandard and suspected falsified medicine into the supply system.
New Globe Group is one such pharmaceutical importer in India that offers efficient and safe services. The offered service is backed by a team of certified experts to ensure efficient management of imported and exported goods. Moreover, the team complies with federal regulations and maintains best practices while operating.
If you are looking for a reliable pharmaceutical importer in India – New Globe Group is the best option to choose. The team also offers customized solutions as per your needs. Contact the team to know more about the different services offered.