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Legal Central Ministry of Health & Family Welfare Essential Commodities Act, 1955

Fixation of Ceiling Prices and Extension of WPI Implants by NPPA

15-May-2024 | S.O. 1993(E)

The National Pharmaceutical Pricing Authority has issued a significant Notification, effective from 15th May, 2024, encompassing the fixation of ceiling prices for one formulation, along with 2 special prices and the extension of WPI implants. Key Points: 1. Goods and Services Tax (GST): Manufacturers may include Goods and Services Tax only if they have paid, or it is payable to the Government based on the mentioned ceiling price. 2. Pack Pricing: The ceiling price for a pack of the formulation is to be determined by the respective manufacturer in accordance with the retail price outlined in column (6) of the table. This process follows the provisions outlined in paragraph 11 of the DPCO, 2013. 3. Price List Submission: Manufacturers must furnish a price list in Form V to NPPA via IPDMS from the date of Notification, as per paragraph 24 of the DPCO, 2013. Additionally, a copy must be submitted to the State Drug Controller and dealers. 4. Retailer and Dealer Obligations: As per para 24(4) of DPCO 2013, every retailer and dealer must prominently display the price list and any supplementary price list provided by the manufacturer. This display must be easily accessible to any person wishing to consult it. Please refer to the attached document for more details.

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