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NPPA fixes retail prices of nine formulations under Drugs Prices Control Order, 2013
Our Bureau, Mumbai - Thursday, February 15, 2018, 14:50 Hrs  [IST]
NPPA has fixed retail prices of 9 formulations under Drugs Prices Control Order, 2013 in related notification dated 13 February 2018.

Name of the said formulations are Clomiphene, Adenosine, Povidone Iodine, Methylprednisolone, Sodium Valproate, Isosorbide 5 Mononitrate and Lignocaine.

The manufacturers of above said scheduled formulations shall furnish quarterly return to the NPPA, in respect of production/import and sale of scheduled formulations in Form - III of Schedule - II of the DPCO, 2013 through IPDMS.

Any manufacturer intending to discontinue production of said scheduled formulation shall furnish information to the NPPA, in respect of discontinuation of production and/or import of scheduled formulation in Form -IV of Schedule - II of the DPCO, 2013 at least six months prior to the intended date of discontinuation.

The manufacturers not complying with the ceiling price and notes specified shall be liable to deposit the overcharged amount along with interest thereon under the provisions of the Drugs (Prices Control) Order, 2013 read with Essential Commodities Act, 1955.

Consequent to the issue of ceiling prices of such formulations as specified, the price order(s) fixing ceiling or retail price, if any, issued prior to the above said date of notification, stand(s) superseded.
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