The Pharmaceuticals Export Promotion Council of India (PHARMEXCIL) is a government-supported organization that promotes and facilitates exporting of pharmaceutical products from India. It was established in 2004 under a preview of foreign trade policy to help Indian pharmaceutical companies expand their reach globally and access new markets.
PHARMEXCIL offers services and support to its member companies, including market research, product registration assistance, regulatory support, and fair trade participation.
PHARMEXCIL registration is required for companies that wish to export
pharmaceutical products. The certification enables the company to participate in various government-supported export promotion schemes & initiatives.
It allows exporters to take advantage of the various benefits & support offered by PHARMEXCIL, and helps them to navigate the complexities of exporting pharmaceutical products to other countries.
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Why do Exporters of Pharmaceutical Products Need PHARMEXCIL Registration?
Exporters of pharmaceutical products in India are required to register with the Pharmaceuticals Export Promotion Council of India (PHARMEXCIL) to gain access to export-related benefits, compliance with international regulations, and market facilitation. PHARMEXCIL, under the Ministry of Commerce and Industry, serves as an apex body to promote and regulate pharmaceutical exports from India. Registration ensures that exporters are recognized by the government, receive support in navigating foreign markets, and comply with global health and safety standards. Without PHARMEXCIL registration, pharmaceutical exporters may miss out on government schemes, market insights, and networking opportunities critical for growth in a competitive global market.
Benefits of PHARMEXCIL Registration
- Export Promotion: PHARMEXCIL organizes trade fairs, buyer-seller meets, and international exhibitions, providing exporters with the platform to showcase their products and gain global exposure.
- Government Incentives: Registered exporters can avail themselves of various subsidies, tax benefits, and incentives under government schemes designed to promote pharmaceutical exports.
- Compliance Assistance: PHARMEXCIL helps exporters navigate complex international pharmaceutical regulations, ensuring that their products meet the required standards for quality and safety.
- Market Insights: Members receive updates on global market trends, regulatory changes, and emerging opportunities, allowing them to make informed decisions.
- Networking Opportunities: PHARMEXCIL offers access to a vast network of industry peers, foreign buyers, and government officials, helping exporters build valuable relationships.
- Support for Export Procedures: The council provides guidance on documentation, customs procedures, and regulatory compliance, simplifying the export process.
Process of PHARMEXCIL Registration
- Visit the PHARMEXCIL website and navigate to the registration section.
- Fill in the application form with basic company details, such as name, address, and contact information.
- Submit required documents in digital format, including legal and regulatory certificates.
- Pay the registration fee online, based on the exporter’s category (manufacturer, trader, etc.).
- Verification by PHARMEXCIL: The council will verify the submitted details and documents. In some cases, they may conduct a physical inspection.
- Receive the RCMC (Registration-Cum-Membership Certificate) upon approval, which makes the exporter eligible to receive various export-related benefits and participate in council activities.
Documents Required for PHARMEXCIL Registration
- Company incorporation certificate
- Import Export Code (IEC)
- Drug Manufacturing License (for manufacturers)
- GST registration certificate
- PAN card of the company
- Bank certificate or cancelled cheque
- Details of pharmaceutical products being exported
- Past export performance records (if applicable)
- Authorized signatory details and digital signature certificate (DSC)
Conclusion
PHARMEXCIL registration is indispensable for pharmaceutical exporters looking to expand their market presence, stay compliant with international regulations, and gain access to valuable government incentives. The registration process, though straightforward, brings numerous advantages that help companies compete effectively in the global market. As a registered member of PHARMEXCIL, exporters are better equipped to capitalize on opportunities, navigate complex trade policies, and contribute to the growth of India’s pharmaceutical industry.