Regulatory Alerts2019-01-17
Added · Updated
FEPD Circular No. 07: Import of raw materials for manufacturing Active Pharmaceutical Ingredients (API) and Laboratory Reagents on usance basis
Authorized Dealers (ADs) may allow industries producing Active Pharmaceutical Ingredients (API) and Laboratory Reagents to import raw materials on supplier’s or buyer’s credit terms for a usance period up to 360 days. ADs must comply with the Import Policy Order, Foreign Exchange Regulations, and paragraph 33 of chapter 7 of the Guidelines for Foreign Exchange Transactions (GFET)-2018, Vol-1. Additionally, ADs must verify that the Directorate General of Drug Administration (DGDA) has approved the imported inputs as raw materials for API and Laboratory Reagents for the concerned industry.
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