Last Updated on September 27, 2021 by The Health Master
Download the notification: The National Pharmaceutical Pricing Authority (NPPA) has fixed retail prices of one (1) formulation under the Drugs (Prices Control) Order, 2013, based on the decision of the Authority meeting held on July 29, 2021 vide notification S.O. 3783(E) dated 15-09-2021.
NPPA, in its order on September 15, listed the one (1) formulation for which it has fixed retail prices. List of the formulations has been given below
|Sl. No.||Name of the Formulation||Dosage form & Strength||Unit||Retail Price (Rs.)||DoP Letter no. and Date||Existing SO number & date||Manufacturer & Marketing Company respectively|
|1.||Vitamin D3||Each orally||Per||30.39||1724(E)||M/s Zim|
|orally||contains:||Pricing (16530)||30.04.2021||Ltd. / M/s Cadila|
|disintegrating||Vitamin D3||dated||(at Sl. No.||Pharmaceuticals|
The manufacturer of above mentioned formulations i.e. “new drug” under paragraph 2(u) of the DPCO, 2013 shall fix the retail price as specified in column (5) of the table hereinabove.
The manufacturer may add Goods and Services Tax only if they have paid actually or it is payable to the Government on the retail price mentioned in column (5) of the above said table.
The retail price for a pack of the aforesaid formulation shall be arrived at by the concerned manufacturer in accordance with the retail price specified in column (5) of the above table as per provisions contained in paragraph 11 of the DPCO, 2013. The manufacturer shall issue a price list in Form–V from date of Notification as per paragraph 24 of the DPCO, 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.
The above mentioned retail prices are applicable only to the manufacturer / marketer as mentioned above for generic / any brand of the same composition / strength of the subject formulations, subject to fulfillment 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 manufacturers/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.