Section 14 in The Drugs (Prices Control) Order, 1995
14. Carrying into effect the price fixed or revised by the Government, its display and proof thereof .-(1) Every manufacturer or importer shall carry into effect the price of a bulk drug or formulation, as the case may be, as fixed by the Government from time to time, within fifteen days from the date of notification in the Official Gazette or receipt of the order of the Government in this behalf by such manufacturer or importer.
(2)Every manufacturer, importer or distributor of a formulation intended for sale shall display in indelible print mark, on the label of container of the formulation and the minimum pack thereof offered for retail sale, the retail price of that formulation, notified in the Official Gazette or ordered by the Government in this behalf, [with the words "maximum retail price" ["or max retail price or MRP"][preceding it and "inclusive of all taxes" succeeding it] [Substituted by S.O. 946(E), dated 26.6.2006, for " with the words `retail price not to exceed' preceding it, `local tax extra' succeeding it," (w.e.f. 2.10.2006). ], and "Under Government Prices Control" on a red strip in the case of Scheduled formulations:Provided that in the case of a container consisting of smaller saleable packs, the retail price of such smaller pack shall also be displayed on the label of each smaller pack and such price shall not be more than the pro-rata retail price of the main pack rounded off to the nearest paisa.(3)Every manufacturer or importer shall issue a price list and supplementary price list, if required, in Form V to the dealers, State Drugs Controllers and the Government indicating reference to such price fixation or revision as covered by the order or Gazette notification issued by the Government, from time to time.(4)Every retailer and dealer shall display the price list and the supplementary price list, if any, as furnished by the manufacturer or importer, 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.
