Power to Fix Retail Price

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

The Government may, from time to time, fix the retail price of a Scheduled formulation in accordance with the formula stated above.


Power to Fix Retail Price

The Government may, from time to time, fix the retail price of a Scheduled formulation in accordance with the formula stated above. The price of formulation once fixed shall not be increased by the manufacturer except, with the prior approval of the Government.

The application made by the manufacturer for revision of retail price in Form III or Form IV, as the case may be, with valid justification shall be attended to by the Government within two months of submission of complete information. After scrutiny and study, if the claim is found justified, the Government may pass necessary order for revision of retail price.

No manufacturer shall market a new pack or sell or dispose any imported Scheduled formulation without permission of the Government.

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