Welcome to Amit Kumar Gupta Advocate

Ask a Query


Client Login

35(RE-2009)/2009-14, Dated: 03/06/2010
 
Government of India
Ministry of Commerce & Industry
Directorate General of Foreign Trade
New Delhi
 
Policy Circular No. 35/2009-14, Dated: 3rd June, 2010.
 
Subject:-Inter-changeability of pharmacopeia suffix USP/EP/BP/JP/IP with the export product for fulfillment of Export Obligation.
           
          PHARMEXCIL has represented that if an exporter has been issued an Advance Authorization for an export product suffixing one pharmacopoeia say USP and at the time of redemption of Advance Authorization, the exporter submits the export documents containing the export product suffixing another pharmacopoeia, say BP, the Zonal/Regional offices sometimes do not accept such exports towards fulfillment of export obligation. It has been suggested that the pharmacopoeia standard other than mentioned in the licenses should be considered towards fulfillment of export obligation, i.e., pharmacopoeia, viz., USP/EP/BP/JP may be treated as interchangeable.
 
2.     The matter has been considered by the concerned Norms Committee. It was noted that General Note No.4 for ‘Chemical and Allied Products’ already existing in Hand Book of Procedure Vol. II reads as under:-
       
        “In respect of drug items, export products have been described with/without suffix such as IP, BP, USP. While issuing licenses, suffix as such IP, BP ,USP, depending upon the suffix used in the export order, may be added along with the description of the export product.”
 
 3.    From the above, it is seen that even if a firm does not use any suffix, they are allowed to export the product with suffix BP or JP or USP as the case may be. It is thus clarified here that if an advance authorization is issued for the export product suffixing pharmacopeia say USP, the export documents containing the export product suffixing any other pharmacopoeia, viz., BP or EP or JP or IP may also be accepted towards fulfillment of export obligation against relevant Advance Authorization. Thus pharmacopeia IP, BP, EP, JP, or USP may be treated as interchangeable for the purpose of fulfillment of export obligation.
 
4.        This issues with the approval of Director General of Foreign Trade.
 
Sd/-
(Krishan Kumar)
Dy. Director General of foreign Trade
            
                (Issued from file No. No.01/82/162/120/AM 11-DES.III )

Amit R Gupta

Our Services

Insurance Services

We offer comprehensive Insurance Services systems maintained by trained accounting.

Legal Services

 We offer comprehensive Legal Services systems maintained by trained accounting pr.

Investment Services

We offer comprehensive Investment Services  systems maintained by trained accoun.

Finance Services

 We offer comprehensive Finance Services systems maintained by trained accounting .

Due Diligence and Advisory Ser

We offer comprehensive Due Diligence and Advisory Services systems maintained by traine.

Corporate Services

We offer comprehensive Corporate Services systems maintained by trained accounting.

AMITRGUPTA

What We Do

Tax Consulting

We offer comprehensive Tax Consulting  systems maintained by trained accounting professionals. This local service coul...

READ MORE

Due Diligence

Investors, bankers and acquirers rely on Due Diligence as a standard of care during Mergers and ...

READ MORE

Taxation Services

We offer comprehensive Taxation Services systems maintained by trained accounting professionals. This local service could be...

READ MORE