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Rs 294.84 cr deposited by drug firms for overcharging in FY17

Rs 294.84 cr deposited by drug firms for overcharging in FY17

Friday, March 10, 2017, 5:54 PM

Parliament was informed today that Pharmaceutical firms have deposited Rs 294.84 crore in the current fiscal so far against demand notices issued by the government for overcharging patients for scheduled drugs. The provisions of the Drugs Order "empower the government to direct the manufacturer to deposit the overcharged amount along with the interest thereon from the date of overcharging, in addition to the penalty".
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