NEW DELHI: Drug price regulator National Pharmaceutical Pricing Authority (NPPA) has cut by 2.84% prices of all scheduled drugs on account of reduction in Cenvat and asked manufacturers to follow the suit.
"The reduction in the equivalent maximum retail prices shall take effect immediately," it said. "All manufacturers are required to reduce the equivalent maximum retail prices (inclusive of excise duty and all taxes) by 2.84%," it added. Reduction in prices would not apply on manufacturing units in excise-free zones such as Uttaranchal, Himachal Pradesh and J&K.
Source: http://timesofindia.indiatimes.com/Business/India_Business/Worlds_1st_energy_mkt_in_India/articleshow/3830571.cms
"The reduction in the equivalent maximum retail prices shall take effect immediately," it said. "All manufacturers are required to reduce the equivalent maximum retail prices (inclusive of excise duty and all taxes) by 2.84%," it added. Reduction in prices would not apply on manufacturing units in excise-free zones such as Uttaranchal, Himachal Pradesh and J&K.
Source: http://timesofindia.indiatimes.com/Business/India_Business/Worlds_1st_energy_mkt_in_India/articleshow/3830571.cms
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