The National Pharmaceutical Pricing Authority of India on 10th July 2020 has fixed retail prices of 7 formulations under Drugs Prices Control Order 2013, the name of the formulation includes Nebivolol + Telmisartan Tablet, Levetiracetam + Sodium Chloride Infusion, Norethisterone Acetate Tablet etc.
The manufacturer of these formulations shall fix the retail price as specified and the manufacturer may add goods and services tax only if they have paid actually or it is payable to the government on the retail price as prescribed by NPPA.
The manufacturer shall issue a price list in Form–V from date of Notification to NPPA through IPDMS and submit a copy to State Drug Controller (SDC) and dealers.
Further, every retailer and dealer shall display price list and the supplementary price list, if any, as furnished by the manufacturer, on a conspicuous part of the premises where he carries on business in a manner so as to be easily accessible to any person wishing to consult the same.
The retail price fixed is applicable only to the individual manufacturer/marketer as specified who have applied for the same by submitting Form-I for price fixation/revision as stipulated under DPCO -2013.
Click here to read the notification.