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Know How to Get Non Objection Certificate for Medicinal Exports

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If you would like to export Pharmaceutical Products, complete general information on how to export has been pointed out in the article.

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Know How to Get Non Objection Certificate for Medicinal Exports

  1. 1. Gracure Pharmaceuticals Ltd. http://www.gracure.com 251-254, 2nd Floor, DLF Tower Email: info@gracure.com Block - IV, 15 Shivaji Marg Tel :91 - + 91 - 11 – 47770900 Delhi- 110 015 Know How to Get Non Objection Certificate for Medicinal Exports If you would like to export Pharmaceutical Products, complete general information on how to export has been pointed out below in the article. Read on…. After picking your product, samples are mailed, terms of payment as well as delivery are agreed upon with your foreign buyer, together with other terms & conditions and proforma invoice is issued, in turn you get order follow by purchase order. The terms of payment for your export deal could be advance payment, Documents against Acceptance DA, Documents against Payments DAP, or under Letter of Credit LC. The terms of delivery for your export might be EX-Works, FOB (free on board), CFR, CIF, DAP, DDP or any other Inco terms. The funding can be arranged from your bank for pre shipment packing credit post shipment finance against export orders. Insurance can be organized against credit risk as well as about other risks involved in exports.
  2. 2. Gracure Pharmaceuticals Ltd. http://www.gracure.com 251-254, 2nd Floor, DLF Tower Email: info@gracure.com Block - IV, 15 Shivaji Marg Tel :91 - + 91 - 11 – 47770900 Delhi- 110 015 Once quality check (QC) is done, packing is arranged with Palletization or Crating, if needed. Sort of container is decided if shipment is on FCL (full container load) basis otherwise LCL(less container load), if mode of shipment is by sea. Export invoice & packing list, CO as well as other documents are prepared based on the purchased order or Letter of Credit to export. After execution of customs clearance either by exporter or his broker, Bill of Lading or AWB ( Airway Bill) is issued by exporter, if consolidator involved, HAWB or HBL is issued. The documents is discounted, arranged for collection or negotiated if the deal is on letter of credit basis. Any importer or exporter should be familiar with HTS code (HS code) of their product. Pharmaceutical Products falls under HS code (HTS code). In India, Pharmaceutical Products are categorized under ITC code (Indian Tariff Code). To export Medicinal Products, the exporters are required to get hold of Certificate from wild life protection board as well as Non Objection Certificate from Drug controller under certain items of chapter 30 of HS code (HTS code).
  3. 3. Gracure Pharmaceuticals Ltd. http://www.gracure.com 251-254, 2nd Floor, DLF Tower Email: info@gracure.com Block - IV, 15 Shivaji Marg Tel :91 - + 91 - 11 – 47770900 Delhi- 110 015 Few of the items under chapter 30 of HS code might be restricted or banned to export. Unilateral, multilateral or bilateral trade agreement between countries makes documentation, formalities as well as process for export simpler. Every Pharmaceutical company in India follows the above set of rules before making export dealings with other countries and makes the whole process safe as well as profitable for themselves.

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