Power to Fix Retail Price
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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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