Price Notification

(Published in Part II, Section 3, Sub Section (ii) of the
Gazette of India Extraordinary)

Government of India
Ministry of Chemicals and Fertilizers
Department of Pharmaceuticals
National Pharmaceuticals Pricing Authority

                                                                New Delhi, the 22nd July, 2014

ORDER

S.O.1884(E)  - In exercise of the powers, conferred by Paragraph 19 of the Drugs (Prices Control) Order, 2013 read with S.O. 1394(E) dated the 30th May 2013 issued by the Government of India, Ministry of Chemicals and Fertilizers, the National Pharmaceutical Pricing Authority (NPPA) being satisfied that it is necessary so to do in the public interest hereby notifies that any manufacturer covered under paragraph 2(n) of the DPCO, 2013 selling formulation(s) at a price higher than the maximum retail price (MRP) notified in the column 5 of the table under paragraph 12 and not covered in the said paragraph of the standing orders nos. 1730 (E) to 1779 (E) issued on 10.07.2014 by the NPPA, the MRP fixed and notified under column 5 of the above said table mentioned at the respective serial number of the respective formulation of the respective notification shall also be applicable to such manufacturer, as the case may be.

2.  The MRP fixed vide standing order nos. 1730 (E) to 1779 (E) issued on 10.07.2014 shall be implemented by all left out manufacturer who are selling at a price higher than the notified price, not mentioned in paragraph 12 of the above said orders as per the provision of the DPCO, 2013, by issuing a price list in Form V of Schedule-II in accordance with the provisions of paragraph 25 of the said order.

3.  The MRP so fixed under paragraph 19 of DPCO, 2013 shall be maintained for a period of one year from the date of notification after which annual price increase not exceeding 10% of the maximum retail price will be permissible under paragraph 20 (1) of the said order.

4.  In case of failure / non-compliance of para 2 and 3 above, the manufacturer /marketer shall be liable to deposit the overcharged amount alongwith the interest thereon from the date of notification and / or date of price increase beyond 10%, as the case may be.

5.  The concerned manufacturer / marketing company shall be jointly and severally responsible to comply with this order and conditions mentioned herein above.


PN/148/16/2014/F                                

F. No. 23(1)/2014/Div.III/NPPA

(Injeti Srinivas)
Chairman
National Pharmaceutical Pricing Authority

                                                         


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