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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