It has also clarified that drug imports will not only cover those notified on March 31, 2003 but all drugs. The clarification follows representations from trade and industry on the subject.
A circular issued by director general of foreign trade says applicants wishing to avail of the exemption under the above Act will have to apply for an advance licence in accordance with the policy announced on June 30 2003. The licensing authority will make an endorsement on the licence that the exemption has been granted in terms of this policy. Other applicants who comply with the registration procedure may also apply for an advance licence but under the existing Exim policy provisions and procedures.
For ratification of advance licences issued, a representative of the Drug Controller General will be a member of the advance licence panel at the DGFT headquarters here.
The circular says for items where standard input output norms have been fixed, the existing procedure will be followed and a copy of the licence will be endorsed to the Drug Controller General and state drug controllers office.
All importers making use of the advance licences which have not been issued in terms of the above policy circular will follow either registration and utilise them or obtain a fresh licence issued in terms of this circular to clear their consignments, says the circular.