Importing Medicines Into India

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Information @ a Glance

  • Importing medicines or drugs which nothing but bringing branded name medicines from outside country to marketing in India through legal registration.

  • The various provisions of the Drugs & Cosmetics Rules, thereby introducing a new provision for the registration of the manufacturing premises of foreign drug manufacturer and the individual drugs prior to their import into the country.

  • Under the new dispensation, foreign manufacturers have to apply for registration certificate for their manufacturing premises and the individual drugs to be imported.

  • The applications can be made by authorized agents of foreign firms in India.

  • The process of receiving import registration can take up to 12 months. Once you have import registration for a drug, you can apply for a simple import license via Form 8 or Form 8A, which is needed for customs clearance.

  • The validity of registration certificates will be 3 years from the date on which these are issued.

  • PITC Pharma is a subsidiary of the PITC & an affiliate of the National Development Company - PITC- supplies medicines to government hospitals, health centers, prisons, and community pharmacies.

  • According to the Indian pharmaceutical group, medicines produced from their country cost about 15-16 times cheaper than the medicines sold in the Philippines.

  • Medicines have become the latest among Indian imports.

  • When compared to previous year, India imported active Pharma ingredients and drug intermediates worth $4.6 billion ( Rs.25,000 crore).

  • Mostly the Pharma sector imports raw materials like chemicals intermediates and active pharmaceuticals ingredients (APIs).

  • Import of Drugs is regulated as per the Foreign Trade Policy of Government of India.

  • Sometimes, India has exported more pharmaceutical products than it imports.

  • The pricing methods for imported bulk drugs were based on the landed cost (inclusive of import & customs duty), which was the maximum permissible selling price.

  • All drugs to be imported require their own import registration.

  • Demand in India is growing rapidly, due to rising population, increasing elderly people, though importing medicines is considered set to rise strongly.

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