The Ministry of Chemicals and Fertilizers on 12th August 2021 has published the Drugs (Prices Control) Third Amendment Order, 2021 to further amend the Drugs (Prices Control) Order, 2013.
Through this amendment paragraph 18 which deals with the Revision of ceiling price on the basis of moving annual turnover (MAT) has been amended as follows:
The revision of ceiling prices on the basis of moving annual turnover value shall be carried out every five years from the date of fixing the ceiling price under this Order for formulations as specified under the SCHEDULE – I.”
Schedule-I deals with General Anesthetics and oxygen, Non-opioid analgesics, antipyretics and no steroidal anti -inflammatory medicines, Antiallergics and medicines used in anaphylaxis, Anticonvulsants/Antiepileptics, Beta lactam medicines etc.
