National Pharmaceutical Pricing Authority fixes price for certain formulations manufactured and marketed by specified companies

Jun 14, 2018 | by Avantis RegTech Legal Research Team

The National Pharmaceutical Pricing Authority (NPPA) vide order dated June 12, 2018 has fixed the retail price for 20 drug formulation manufactured and marketed by specified companies as mentioned in the order.

·         The manufacturer shall issue a price list in Form–V from date of Notification as per paragraph 24 of the Drug and Price Control Order, 2013 to NPPA through IPDMS and submit a copy to State Drug Controller and dealers.

·         As per Para 24(4) of DPCO 2013, every retailer and dealer shall display price list and the supplementary price list, if any, as furnished by the manufacturer, on a conspicuous part of the premises where he carries on business in a manner so as to be easily accessible to any person wishing to consult the same

·         Retail price is applicable only to the individual manufacturer / marketer, who have applied for the same by submitting Form-I for price fixation / revision as stipulated under DPCO, 2013 and subject to fulfilment of all the applicable statutory requirements as laid down by the Govt. under relevant statutes/ rules, including manufacturing license permission from the Competent Authority i.e. the Central/State Licensing Authority, as may be applicable, by the concerned manufacturer/marketing companies.

·         In case the retail price of any of the aforesaid formulations is not complied with, as per instant price notification and notes specified hereinabove, then the concerned manufacturer/marketing company shall be liable to deposit the overcharged amount along with the interest thereon under the provisions of the DPCO, 2013 read with the Essential Commodities Act, 1955.

·          Consequent to the issue of ceiling price of such formulation as specified in column (2) of the above table in this notification, the price order(s) fixing ceiling or retail price, if any, issued prior to the above said date of notification, stand(s) superseded

[S.O.2398 (E )]





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