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.
Government Registration
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.