Govt recovers Rs 239 cr from drug makers for overcharging

Written by July 25, 2017 16:51

New Delhi: Government today said that around Rs 239 crore have been recovered from Pharmaceutical Companies against non-compliance of provisions of Drug price control order (DPCO).

Minister of State for Chemicals and Fertilizers, Mansukh Lal Mandaviya said this in a written reply in Lok Sabha. He said, action is taken against companies, whenever they are found selling scheduled formulation at prices higher than the ceiling prices fixed by National Pharmaceutical Pricing Authority.

He said, under the relevant provisions of DPCO, the overcharged amount, along with interest is levied on the company.

The Minister added that similar action is taken whenever companies are found selling non-scheduled formulation at a price which is 10 per cent higher than the MRP of the preceding twelve months.