industry has raised concerns that India is facing duplication of KYC work at
each port and this is causing a delay in the shipping of pharma consignment.
Therefore, the industry has requested the Directorate General of Systems to
establish a centralised depository system and promote ease of doing business.
When using a new port an exporter though has been exporting for many
years he has to resubmit the same KYC documents; it causes delays in shipments
Customs and CBIC have enabled Electronic data interchange (EDI) at all ports
and Customs offices and exporters are free to export from any port of India.
However, they need to register with the customs authority for the first time
exporter KYC when they make their first export. Even if one has been exporting
for years, as soon as an exporter uses a new port (Sea/ Air), he/she needs to
resubmit the same KYC documents.
Secretary and Director, Federation of Pharmaceuticals and Allied Product
Merchant Exporters (FPME) and Director, Infugen Pharma, highlights, “As
merchant exporters, we source goods all over from India. Many times orders are
urgent for life-saving drugs and if that drug is available at the nearest
airport, say Delhi or Chennai for the first time we have to register.
No sense to duplicate work when there is single GST registration with
IEC says FPME since registration takes 3 -4 days
It takes three to
four days for the registration, which delays shipment. When we have single GST
registration with IEC, it makes no sense to duplicate work which causes