Section 12: Power to fix maximum prices of drugs, etc

12. Power to fix maximum prices of drugs, etc.— (1) The Federal Government may, by notification in the official Gazette,— (a) fix the maximum price at which any drug specified in the notification is to be sold; and (b) specify a certain percentage of the profits of manufacturers of drugs which shall be utilised, in accordance with the rules for purposes of research in drugs. 1Omitted, subs. added and ins. by Ordinance No. CXXVIII of 2002, ss. 8 & 9. (2) For the purpose of the exercise of its powers under sub-section (1), the Federal Government may require a manufacturer, stockist, importer, exporter, retailer or other dealer in drugs to furnish such relevant information as may be necessary. (3) The Federal Government may, by notification in the official Gazette, delegate any of its powers under this section to any Board or other authority.

Effective date: 1976-01-01

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