Power to Fix Ceiling Price

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Chapter: Forensic Pharmacy : The Drugs (Price Control) Order (OPCO), 1995

The Government may, from time to time, fix the ceiling price of a Scheduled formulation in accordance with the formula laid down, keeping in view the cost or efficiency or both of major manufacturers of such formulations.


Power to Fix Ceiling Price

The Government may, from time to time, fix the ceiling price of a Scheduled formulation in accordance with the formula laid down, keeping in view the cost or efficiency or both of major manufacturers of such formulations.

The Government, after calling for necessary information, on its own or on application of manufacturer, after careful study, may fix revised ceiling price of a Scheduled formulation.

The Government after obtaining necessary information from manufacturer or importer fix or revise the retail price of one or more formulations marketed by such manufacturer or importer including, a non-Scheduled formulation, provided pre-tax return on sales turnover does not exceed maximum pre-tax return specified in the Third Schedule.

The Government reserves the right of fixing or revising retail price of any formulation including, non-Scheduled formulation and also fix or revise the prices of bulk drug and its formulation in accordance with the provisions of the Order.

 

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