PHARMEXCIL Registration in India
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PHARMEXCIL Registration in India
The Pharmaceuticals Export Promotion Council of India (PHARMEXCIL) plays a pivotal role in supporting the export of pharmaceutical products from India. Established in 2004 under the foreign trade policy, PHARMEXCIL operates as a government-supported organization facilitating Indian pharmaceutical companies in expanding their global reach and accessing new markets.
PHARMEXCIL extends comprehensive support to its member companies, offering a range of services including market research, product registration assistance, regulatory guidance, and participation in trade events. Registration with PHARMEXCIL is essential for companies aiming to export pharmaceutical products as it enables them to access various benefits and support provided by the council.
Rgistration process with PHARMEXCIL
The registration process with the Pharmaceuticals Export Promotion Council of India (PHARMEXCIL) involves several steps to ensure compliance and facilitate the export of pharmaceutical products.
Steps in the Registration Process:
Application Submission:
- Companies can submit their registration application through the designated online portal or directly to PHARMEXCIL’s office.
Documentation:
- Applicants must provide necessary documentation, including company details, product specifications, and relevant certificates.
Review and Verification:
- PHARMEXCIL reviews the submitted documentation and verifies the information provided.
Approval and Certification:
- Upon approval, the company receives a registration certificate, granting them the authority to export pharmaceutical products.
Documents Required:
Applicants need to furnish various documents during the registration process, including:
- Company Details and Incorporation Documents
- Product Specifications
- Export/Import License
- Quality Certifications
- Compliance Documents
These documents are crucial for verifying the authenticity and eligibility of the applicant for PHARMEXCIL registration.
Registration Fees:
Initial Registration Fees:
- Vary based on factors such as company size and turnover.
Renewal Fees:
- Fees associated with maintaining registration status.
V Register Startups offers consultancy services to assist companies in PHARMEXCIL registration and compliance. Our team provides expert guidance to streamline the registration process and ensure adherence to regulatory standards, enabling companies to establish pharmaceutical businesses efficiently and cost-effectively while minimizing legal constraints.
Importance of PHARMEXCIL Registration:
Under the guidelines of the foreign trade policy, exporters engaged in the trade of drugs and medicines are mandated to register with PHARMEXCIL. This registration is essential for:
Ensuring Compliance:
- Guarantees adherence to regulatory requirements.
Access to Benefits and Support:
- Provides access to various benefits and support services offered by PHARMEXCIL.
Products & Services Covered by PHARMEXCIL:
PHARMEXCIL caters to a wide range of products and services related to the pharmaceutical industry. Exporters registered with PHARMEXCIL can deal in various categories of pharmaceutical products, including:
- Active Pharmaceutical Ingredients (API)
- Herbal/Ayurveda Products
- Finished Dosage Forms (FDF)
- Diagnostics
- Homeopathic Medicines
- Surgical Equipment
- Nutraceuticals
- Biologics
- Unani Medicines
- Siddha Medicines
By registering with PHARMEXCIL, exporters gain recognition and authorization to export these pharmaceutical products, enabling them to expand their business operations and contribute to the growth of the pharmaceutical industry in India.
Benefits of PHARMEXCIL Registration
Registering with the Pharmaceuticals Export Promotion Council of India (PHARMEXCIL) offers numerous advantages to Indian pharmaceutical companies. These benefits include:
Access to Market Intelligence & Information:
- PHARMEXCIL provides valuable insights into export opportunities, market trends, and regulatory requirements. This information empowers Indian companies to identify new markets and tailor their strategies accordingly.
Facilitation of Exports:
- PHARMEXCIL assists Indian companies throughout the export process, from obtaining regulatory approvals to resolving trade-related issues. This support streamlines the export journey, enabling companies to navigate complexities with ease.
Promotion of Indian Products and Services:
- Through trade fairs, exhibitions, and delegations, PHARMEXCIL actively promotes Indian pharmaceutical products and services on the global stage. This exposure enhances the visibility and reputation of Indian companies in international markets.
Networking and Collaboration Opportunities:
- PHARMEXCIL facilitates partnerships and collaborations between Indian companies and foreign counterparts. This fosters technology transfer and knowledge exchange, enabling Indian firms to access new technologies and expertise.
Capacity Building:
- PHARMEXCIL offers training and capacity-building initiatives to Indian companies, empowering them to enhance the quality of their products and services. These programs equip companies with the skills and knowledge needed to stay competitive in the global marketplace.
By leveraging the resources and support provided by PHARMEXCIL, Indian pharmaceutical companies can expand their market presence, improve their competitiveness, and contribute to the growth of the pharmaceutical industry in India.
Steps for PHARMEXCIL Registration- with V Register Startups
The steps for PHARMEXCIL Registration with V Register Startups can be completed in just four simple steps:
Document Submission:
- Provide all the necessary documents required for PHARMEXCIL registration.
Application Filing and Fee Submission:
- Fill out the application form and submit the required fees for the registration process.
Form Submission:
- Submit the completed application form along with the necessary documents to the concerned department.
Certificate Issuance:
- Once the application is submitted, the concerned authorities will review it. Upon approval, the registration certificate will be issued in due process.
Please note that the approval process typically takes up to 45 days from the submission date.
Documents Required for PHARMEXCIL Registration
The documents required for PHARMEXCIL registration vary based on the scale of the manufacturer or exporter:
Import Export Code (IEC):
- Issued by DGFT.
PAN Card:
- Of the person or the company.
Industrial Licence Certificate:
- Issued by the Secretariat for Industrial Assistance.
Drug Licence:
- Copy of the company’s Drug Licence.
Company Brief and Brochure:
- A duly signed document containing a brief description of the company along with a company brochure.
Fee for PHARMEXCIL Registration of RCMC
The fee for PHARMEXCIL Registration of the Registration Cum Membership Certificate (RCMC) varies based on the type of exporter:
For Merchant Exporter and Service Providers:
- New RCMC Membership Fee:
- Rs 12,000 plus one-time admission fee of Rs 6,000 plus GST.
- Total Fee (including GST): Rs 21,240
- New RCMC Certificate (Discounted Fee for Startup/NIL Export SMEs):
- Rs 6,000 plus Membership fee of Rs 1,000 plus GST.
- Total Fee (including GST): Rs 8,260
- Small Scale Manufacturer:
- Membership Cost + GST: Rs 15,000 + 18% GST
- Total Fee: Rs 17,700
- Medium & Large Scale:
- Membership Cost + GST: Rs 54,000 + 18% GST
- Total Fee: Rs 63,720
- New Manufacturer Exporters:
- Membership Cost + GST: Rs 6,000 + 18% GST
- Total Fee: Rs 7,080
Conclusion
Obtaining a PHARMEXCIL certificate is crucial for positioning your pharmaceutical company on both domestic and global platforms. This certification streamlines the process of exporting pharmaceutical products and equipment to international markets, ensuring compliance with necessary regulations and standards. Our dedicated team of professionals is committed to providing comprehensive support and guidance, addressing any inquiries or uncertainties related to the PHARMEXCIL certification process. With our assistance, you can navigate the procedures with confidence and propel your pharmaceutical business towards success in the global arena.
Why Choose V-register?
- Choosing V-register for startups offers numerous advantages. With a simplified registration process, startups can easily navigate the legal requirements of registering their businesses. Expert guidance is provided every step of the way, ensuring clarity and compliance.
- V-register's cost-effective solutions cater to startups' budgets, providing comprehensive services from registration to compliance, including company formation, licensing, and tax registration.
- The reliable support offered addresses any queries promptly, while transparent pricing ensures no hidden fees. With a fast turnaround time, startups can swiftly establish their businesses and focus on growth with confidence in V-register's assistance.
