Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
News

Home News News and Press Release Month 3 2013 2013 (3) This

Fee on Generic Drugs Sale Application

11-3-2013
  • Contents

The Generic Drugs User Fee Act 2012 (GDUFA) enables United States Food and Drug Authority (USFDA) to charge a fee for registration of Generic Drugs. Any company interested in supplying drugs & pharmaceuticals to USA has to pay the prescribed fee to USFDA.

Financial impact on Indian generic drug exporters to USA is reported to be about Rs.30.00 lakhs for registration of each Abbreviated New Drug Application (ANDA) and about Rs.12.00 lakhs for filing of Drug Master File (DMF).

The Indian office of USFDA have clarified that this enactment has been done to streamline the application review and inspection process and to reduce the review time from an average 31 months to 10 months. This enactment is applicable to both national and international generic industry. No additional fee on Indian pharmaceutical industry is levied.

This information was given by the Minister of State for Commerce & Industry, Dr. D Purandeswari in a written reply in the Lok Sabha today.

DS/RK

(Release ID :93407)

Quick Updates:Latest Updates