The National Pharmaceutical Pricing Authority vide its order dated 15th September 2021 has fixed the retail price exclusive of taxes for Vitamin D3 (Cholecalciferol) orally disintegrating strips. The retail price is applicable only to the individual manufacturer/marketer subject to fulfillment of all the applicable statutory requirements as laid down by the Govt. under relevant statutes/ rules, including manufacturing license permission from the Competent Authority i.e. the Central/State Licensing Authority, as may be applicable, by the concerned manufacturer/marketing companies.
As per para 24(4) of DPCO 2013, 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.
In case the retail price of any of the aforesaid formulations is not complied with, as per instant price notification, then the concerned manufacturer/marketing company shall be liable to deposit the overcharged amount along with the interest thereon under the provisions of the DPCO, 2013 read with the Essential Commodities Act, 1955.