The Ministry of Chemical and Fertilizers on 4th June 2021 has capped the trade margin on oxygen concentrators at 70 per cent in order to keep in check the price of the much in demand critical life-saving component amid the second wave of the coronavirus pandemic.
Further, it has directed every retailer, dealer, hospital and institution to display the price list as furnished by the manufacturer, on a conspicuous part of the business premises in a manner so as to be easily accessible to any person wishing to consult the same.
The manufacturers/importers not complying with the revised MRP after Trade Margin capping shall be liable to deposit the overcharged amount along with interest @15% and penalty up to 100% under the provisions of the Drugs (Prices Control) Order, 2013 read with Essential Commodities Act, 1955.
