Home India Ministry of Chemicals and Fertilizers The National Pharmaceutical Pricing Authority's Order No. S....
Date: 2014-07-14 Category: Extra Ordinary State: Union Government Country: India

The National Pharmaceutical Pricing Authority's Order No. S.O. 1730(E) to 1779(E) dated the 10th July, 2014, published in the Gazette of India, Extraordinary, of the Para 15, in English version be read as follows

Issued by Ministry of Chemicals and Fertilizers · Department of Pharmaceuticals

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Executive Summary & Key Takeaways

Executive Summary: This document is a corrigendum issued by the National Pharmaceutical Pricing Authority (NPPA) on July 14, 2014, regarding Order Nos. S.O. 1730E to 1779E dated July 10, 2014. It addresses errors in the previously published Gazette of India, specifically concerning liability for non-compliance and the inclusion of taxes in the maximum retail price. This corrigendum is effective from the date of the original order. Key Points / Main Content: Correction to Para 15 (English Version): * Replaces a reference to paragraphs 5 and 6 with paragraphs 13 and 14 regarding failure/non-compliance. * Clarifies that manufacturers/marketers are liable to deposit overcharged amounts with interest for non-compliance from the notification date or the date of price increase beyond 10%. Correction to Table (Hindi Version): * Revises column headings 1 to 5 of the table. * Amends the "Maximum Retail Price" definition to *include* excise duty and local taxes, instead of *excluding* them. * Specifies that the maximum retail price is subject to the actual payment of excise duty and local taxes, as applicable. Impact Analysis: Manufacturers/Marketers: Impact: Liable for depositing overcharged amounts with interest in case of non-compliance with revised paragraphs 13 and 14. Action Required: Ensure compliance with paragraphs 13 and 14 of the order. Pharmaceutical Pricing Authority: Impact: Responsible for ensuring the correct pricing and compliance with regulations. Action Required: Enforce the corrected regulations and monitor compliance. Consumers: Impact: Affected by the change in how maximum retail prices are calculated (inclusion of taxes). Action Required: Be aware that the maximum retail price now includes excise duty and local taxes.

Key Entities Referenced

Ministry of Chemicals and Fertilizers: The government ministry responsible for the Department of Pharmaceuticals and the National Pharmaceutical Pricing Authority. Department of Pharmaceuticals: A department under the Ministry of Chemicals and Fertilizers. National Pharmaceutical Pricing Authority (NPPA): An organization responsible for pharmaceutical pricing. New Delhi: The location where the corrigendum was issued. Gazette of India: The official government gazette in which the order was published. Order No. S.O. 1730E to 1779E: The original order being corrected by this corrigendum. INJETI SRINIVAS: Chairman of NPPA Mayapuri, New Delhi: Location of the Government of India Press.
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