Retail Drug License Registration In Jammu & Kashmir | Fees, Procedure & Documents

Online Retail Business can be categorized based on three models:

• Stock-Based Models:Based on where merchandise and enterprise are both regulated by e-commerce entities, and the package is supplied to consumers directly.
• Center-Based Models:In such business models, online entities act as mediators between consumers and retailers. All orders are verified and authenticated by retailers and dispatched to consumers.
• Generic e-commerce Marketplace:Preexisting marketplaces, such as Flipkart, where consumers can directly purchase medicines that are not prohibited for sale under D&C rules.

• Minimum space of at least 100 sq ft is required for a physical shop.
• Must have a full-time qualified pharmacist or a competent person.
• Proof of premises.
• Blueprint of premises.
• Invoice for all necessary types of equipment.

These are the prerequisites required to start a retail pharmaceutical business in Jammu & Kashmir.

Classification of Products under Drug and Controller Act

Drugs are classified under the following categories for sale in the market:

• Medicines
• Health Supplements
• Nutraceuticals

The professional fee for a Retail drug license in Jammu & Kashmir is INR 34,999/- only. Applicants are required to pay a government fee during the registration process.

There are several benefits of a registering One Person Company in India, which are discussed below:

• Statutory Compliance: Ensures compliance with the Drugs and Cosmetics Act, 1940, demonstrating commitment to operating within the bounds of the law.
• Quality Control:Involves a rigorous evaluation of products and facilities to meet specific quality standards, instilling confidence in consumers.
• Consumer Trust:Legally approved and regulated products build consumer trust in terms of quality and safety, enhancing the brand's reputation.
• Market Access:Many government tenders, hospitals, and medical institutions require suppliers to have a valid drug license, expanding market reach.
• Export Opportunities:A prerequisite for exporting pharmaceutical products, facilitating entry into global markets.
• Regulatory Support:Provides access to regulatory support and updates on industry best practices.
• Business Credibility: Adds credibility in a competitive industry, assuring stakeholders of legitimacy.
• Risk Mitigation:Reduces the risk of product seizures, legal penalties, and damage to the business's reputation.

Compliances for Retail Drug License Holder In Jammu & Kashmir

• There must be a pharmacist and registered chemist available with the entity.
• Doctor's prescription is required to sell prescribed medicines.
• Retail drug license is mandatory for medical shopkeepers.