The National Pharmaceutical Pricing Authority (NPPA) on September 11, 2024, issued a notification regarding the fixation of the retail price of Ibuprofen & Paracetamol Suspension.
The following has been stated: -
•The manufacturer may add Goods and Services Tax only if they have actually paid it or if it is payable to the Government at the retail price.
•The retail price for a pack of the formulation as mentioned earlier shall be arrived at by the concerned manufacturer in accordance with the retail price specified.
•The manufacturer shall issue a price list in Form–V from date of Notification as per paragraph 24 of the DPCO, 2013 to NPPA through IPDMS and submit a copy to State Drug Controller and dealers.
•As per para 24(4) of DPCO 2013, every retailer and dealer shall display price list and the supplementary price list, if any, as furnished by the manufacturer, on a conspicuous part of the premises where he carries on business in a manner so as to be easily accessible to any person wishing to consult the same.
•The above mentioned retail price is applicable only to the individual manufacturer / marketer as mentioned above i.e. who have applied for the same by submitting Form-I for price fixation / revision as stipulated under DPCO, 2013 and subject to fulfilment of all the applicable statutory requirements as laid down by the Govt. under relevant statutes/ rules, including manufacturing license permission from the Competent Authority i.e. the Central/State Licensing Authority, as may be applicable, by the concerned manufacturer/marketing companies.
The detailed notification is given in the document attached below.
[Notification No. S.O. 3867(E)]
