PRICES OF 42 FORMULATION PACKS
REVISED/FIXED
The National Pharmaceutical
Pricing Authority has revised/fixed the prices of 42 formulation
packs on 2nd April, 2003. The prices have been fixed
for the first time in the case of 3 formulation packs. In the
case of 32 packs the price have been reduced ranging from 2.24%
to 82.50%. The revision in prices was warranted due to downward
revision in price of scheduled bulk drug. In the case of 7 packs
the price have been increased ranging from 18.37% to 62.78% due
to upward revision in the prices of raw materials.
Of the 42 formulation
packs, ceiling prices (exclusive of excise duty and local taxes
etc.) have been fixed in respect of 24 packs. The non-ceiling
prices (inclusive of excise duty but exclusive of local taxes
etc.) have been fixed in respect of 18 packs. The prices have
been fixed/revised in accordance with the provisions of the Drugs
Price Control Order (DPCO), 1995 and as per the established criteria
and guidelines. A copy of the statement showing the existing (where
available) and revised prices is enclosed herewith.
The formulations
for which prices have been revised/fixed are Erythromycin Estolate
formulations used for the treatment of bacterial infection, Aspirin
Tablet and Multivitamin with Selenium Tablet used in the treatment
of Cardiovascular diseases, Chloroquine Phosphate based formulations
used in the treatment of Malaria and Frusemide based formulations
used as Diuretic.
The prices fixed/revised
would become effective within 15 days from the date of notification
in the official gazette or the receipt of the order of the NPPA
in this behalf, as per Para 14(1) of DPCO, 1995. Necessary revised
price list is to be issued by the manufacturers/importers required
under sub-paragraph (3) of paragraph 14 of the DPCO, 1995. Accordingly,
as per the provision, the revised price list in Form-V of the
DPCO is to be furnished by the concerned manufacturer(s) to the
government and NPPA, State Drug Control Authorities and distributors,
wholesalers and retailers or any other agent.
The manufacturers
are also required to work out the pro-rata prices of different
pack sizes as the case may be in terms of S.O. No. 83 (E) dated
27.01.98.
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