regulatory law to be
unreasonable, unrest the basis adopted for price fixation is
so unreasonable as to be in excess of the lower ... repugnant to, the scheme of Drugs
(Price Control) order? 1979 generally so far as
144
price fixation of drugs is concerned and particularly with
paragraph
price of sugar, a non-
legislative act. The individual orders to that effect being
administrative orders rounded on the mechanics of price
fixation, they must ... review is not concerned with matters of
economic policy. Nor is price fixation within the province
of the Courts. The Court does not substitute
provision for a review of the order determining the
price, established that price fixation under the Order was a
quasi-judicial activity obliging the observance ... retail price of a formulation as soon as the
price of the parent bulk drug is fixed. Though the price
fixation of formulations is dependent
price formula is to expect the Authority to ignore
time, situation, location and other relevant factors which
all enter the price structure. In price fixation ... form one class for determining
price of flats. There. is no merit in this contenting. What
are price determinants ? Price of land, building material,
labour
economy of the country e.g. power, steel, oil etc. Fixation of
price of coal by the Central Government, regarding the quality thereof ... down therein pointed out
that E-Auction is valid in law. Price fixation by E-Auction is not arbitrary.
Change of price by reason
those of price fixation or price control under Section 3 (2) (c) of the Act. A price fixation to meet the general purposes ... matters to be considered in determining fair price. It was held there : (at p. 464).
"Price fixation is more in the nature
quasi-judicial procedure had to be adopted
before prices are fixed even if such price fixation affects,
as it must each factory. Price fixation ... followed. From the
very nature of things of fixation or re-
fixation of ex-factory price cannot be done on
any other basis
Foodstuffs", meaning of-Whether it includes cooked food ?-
Mechanics of price fixation under the Act-Extent of scope
for interference by Court.
HEADNOTE ... defined in the Act.
[680 D]
2. (a) The mechanics of price fixation has necessarily
to be left to the judgment of the executive
experts to be called the
National Pharmaceutical Pricing Authority (NPPA) to do the work of price
fixation of drugs and formulations and the establishment ... regard to related matter such as norms for pro-
rata price fixation on the basis of ceiling prices of formulations.
The Committee will submit
vicious
inflationary spiral of rising prices. may appear arbitrary
or unreasonable judged by standards applicable to price
fixation aimed at giving reasonable profits to producers ... securing their availability
at fair prices , 1 is much more comprehensive than the
machinery for price fixation in special cases on given
principles. Price fixation
