Excessive MRP’s Stiffling
India’s Mfg Growth
Rajiv Nath,
Forum Coordinator,
Association of Indian Medical
Device Industry (AiMeD) |
THE PROBLEM
|
Why Indian Medical Devices With Lower
Ex-Fcy Prices Are Not Competitive ?
FOR
MEDICAL DEVICES NOT NOTIFIED AS DRUGS
- Tax Based Disincentive
- 1% GST Cess on MRP
- Discourage Artificial Inflation
FOR MEDICAL DEVICES NOTIFIED AS
DRUGS
RATIONALIZE TRADE MARKUPs Over 1st
POINT OF SALE & The MRP (When GST Applied 1st Time When
Overseas or Indian Manufactured Goods Enter Supply Chain)
What’s Difference between Trade Mark
Up & Margin ?
ATTEMPTING RATIONALITY
Mark Up: is % Profit over buying value
(MRP - Ex-Factory Sale Value) X 100
Ex-Factory Sale Value
Margin: is % Profit on Selling Price
(MRP-Ex-Factory Sale Value) X 100
MRP
Capping Markup between Ex fcy /
Landed & MRP
List Of Notified Medical Devices
No. |
Name of Device |
Transaction |
<100 |
1000-1.00 Lac |
1.00 Lac Plus |
1 |
Disposable
Hypodermic Syringes |
B2C |
X4 |
- |
- |
2 |
Disposable
Hypodermic Needles |
B2C |
X4 |
- |
- |
3 |
Disposable
Perfusion sets |
B2C |
X4 |
- |
- |
4 |
IV Cannula |
B2C |
X4 |
- |
- |
5 |
Scalp Vein Set |
B2C |
X4 |
- |
- |
6 |
Intra Ocular
Lenses |
B2C |
X4 |
X3 |
- |
7 |
Surgical
Dessing |
B2C |
X4 |
X3 |
- |
8 |
Umbilical Tapes
/ Ligatures / Sutures and Staplers |
B2B2C |
X4 |
X3 |
- |
9 |
Catheters |
B2C |
X4 |
X3 |
- |
10 |
Internal
Prosthetic Replacements |
B2C |
- |
X3 |
X2 |
11 |
Orthopaedic
Implants |
B2C |
X6 |
X4 |
X2 |
12 |
Bone Cement |
B2C |
X6 |
X4 |
X2 |
13 |
Heart Valves |
B2C |
- |
X3 |
X2 |
14 |
Blood / Blood
Components |
B2B |
X4 |
- |
- |
15 |
Blood Grouping
Sera |
B2B |
X4(?) |
- |
- |
16 |
In Vitro
Diagnostic Devices for HIV HBsAg and HCV |
B2B |
X4(?) |
- |
- |
17 |
Cardiac Stents |
B2C |
- |
Capped |
- |
18 |
Drug Eluting
Stents |
B2C |
- |
Capped |
- |
19 |
Intra Uterine
Devices (Cu-T) |
B2C |
Capped |
- |
- |
20 |
Condoms |
B2C |
Capped |
- |
- |
21 |
Tubal Rings |
B2C |
? |
? |
? |
22 |
Ablation
Devices |
? |
? |
? |
? |
|
|
|
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Pvt. Ltd., India |
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|