Pharmaceutical Export Promotion Council of India (Pharmexcil) is planning to conduct a two-day certification course on ‘Export Import Management’ of pharmaceutical products from April 6-7 at Baddi in Himachal Pradesh.

According to Dr. P.V. Appaji, director general of Pharmexcil, the main objective of this course is not only to provide knowledge about various aspects of international trade, but also  to help the exporting members understand the intricacies of  international trade documentation, procedures, FEMA guidelines and different payment mechanisms.

The two-day course is also expected to educate the member companies about various stages of exports and imports in a systematic and methodical way.

Earlier, the council had conducted similar short term course in Mumbai and it had received an overwhelming response. “Based on our earlier success at Mumbai we are encouraged to conduct a similar course at Baddi and we are hoping that members of export import community will utilise it, which will benefit them a lot,” informed Dr. Appaji.

The two-day course will cover important topics like institutional support and role of Director General of Foreign Trade (DGFT), Reserve Bank of India and Export Credit Guarantee Corporation of India Ltd (ECGC). It is also expected to focus on basics of exports and mode of transportations such as sea, air, rail and road. For providing insights into the aspects of registrations and certifications, topics like importer exporter code (IEC) and registration cum membership certificate (RCMC) etc will also be taught during the course.

For instance the course will help to understand how the RCMC is issued. The current procedure for furnishing RCMC information is manual. IEC holder submits the RCMC certificate in physical form to concerned regional authority. RCMC details are keyed in into DGFT IEC database. As a part of G2G message exchange initiative, it is now decided to exchange RCMC information electronically through EDI with Export Promotion Councils (EPC). This will provide accurate and updated information about RCMC and also reduce the hardship to trade as furnishing of physical copy of RCMC will be dispensed with.

In addition to the above, topics relating to shipment terminology, payment terms, important export regulations under FEMA, export documentation, shipping documentations, licensing requirements under Drugs and Cosmetic Act, export finance, high seas sales, topics relating to trade credits, risks, factors affecting exchange rates etc will be discussed during the two-day course period.