https://www.taxtmi.com/caselaws?id=296522 Drug price-control norms for conversion cost, packing charges and process loss were based on successive expert reports and available material; incomplete industry cooperation did not make the process arbitrary. Annual re-determination of those norms was not an inflexible requirement, permitting re-notification where circumstances and material remained unchanged. Retail and ceiling price notifications remained sustainable without a separate packing-material-cost norm because such costs were taken on actuals. Retail price fixation for formulations did not require prior fixation of bulk-drug prices, as the pricing scheme did not impose that condition. Judicial review of delegated price-control measures is confined to verifying application of the statutory formula on relevant material without arbitrariness. en-us Fri, 21 Oct 2016 00:00:00 +0530 Mon, 26 Jul 2021 09:13:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296522 Drug price-control norms for conversion cost, packing charges and process loss were based on successive expert reports and available material; incomplete industry cooperation did not make the process arbitrary. Annual re-determination of those norms was not an inflexible requirement, permitting re-notification where circumstances and material remained unchanged. Retail and ceiling price notifications remained sustainable without a separate packing-material-cost norm because such costs were taken on actuals. Retail price fixation for formulations did not require prior fixation of bulk-drug prices, as the pricing scheme did not impose that condition. Judicial review of delegated price-control measures is confined to verifying application of the statutory formula on relevant material without arbitrariness. Case-Laws Indian Laws Fri, 21 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296522