Only 12% of 5000cr fine is recovered

By: Rakesh Saini

New delhi : Only a little portion of 12% of a large sum of overcharging fine worth 4958 crore is recovered by govt.1467 demand notices have been issued to companies for overcharging since the establishment of NPPA. ” Minister of State for Chemicals and Fertilisers Mansukh L Mandaviya said in a written reply to the Lok Sabha. Of the total, about 1,282 cases have been registered under Drug Prices Control Order 1995, while 184 cases under the DPCO 2013. “These demand notices relate to a total amount of Rs 4,958.74 crore. Out of the total amount demanded so far, an amount of Rs 598.81 crore has been deposited by the companies to the government. An amount of Rs 3,460.32 crore is under litigation,” Mandaviya said. He added that action for recovery of the overcharged amount is taken as per the provisions of Drug (Prices Control) Order 1995 and Drug (Prices Control) Order 2013. Set up in 1997, NPPA has been entrusted with the task of fixation/revision of prices of pharma products, enforcement of provisions of the Drugs (Prices Control) Order and monitoring of prices of controlled and decontrolled drugs.


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