https://www.taxtmi.com/news?id=19316 The Commission found chemists and druggists associations required No Objection Certificates for appointing new stockists and conditioned product introductions on payment of Product Information Service charges, practices that limit and control supply of drugs and medicines and thus contravene competition law. The Director General's probe implicated both the local association and the state federation; associations and specified office bearers were directed to cease such practices and were held individually liable. Monetary penalties were imposed on the associations and on named office bearers, calculated as a percentage of average income under the statute, and the Commission warned of continued enforcement to protect market access and public interest in medicine distribution. en-us Fri, 05 Jan 2018 12:42:20 +0530 Fri, 05 Jan 2018 12:42:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19316 The Commission found chemists and druggists associations required No Objection Certificates for appointing new stockists and conditioned product introductions on payment of Product Information Service charges, practices that limit and control supply of drugs and medicines and thus contravene competition law. The Director General's probe implicated both the local association and the state federation; associations and specified office bearers were directed to cease such practices and were held individually liable. Monetary penalties were imposed on the associations and on named office bearers, calculated as a percentage of average income under the statute, and the Commission warned of continued enforcement to protect market access and public interest in medicine distribution. News - Fri, 05 Jan 2018 12:42:20 +0530 https://www.taxtmi.com/news?id=19316