Formulation. ‘Formulation’ , as defined in the Drugs (Price Control ) Order,2013,means, a medicine processed out of or containing one or more drugs with or without use of any pharmaceutical aids, for internal or external use for or in the diagnosis , treatment ,mitigation or prevention of disease and , but shall not include: i. any medicine included in any bonafide Ayurvedic ( including Sidha ) or Unani (Tibb) systems of medicines; ii. any medicine included in the homeopathic system of medicine ; and iii. any substance to which the provisions of the Drugs and Cosmetics Act , 1940 (23 of 1940) do not apply . 3. In exercise of provision of Para 5 of Public Procurement ( preference to Make in India )Order,2017 revision dated 16.09.2020 of DPIIT, the minimum local content for Pharmaceutical Formulations are fixed as under : i. Class-I Local supplier means a supplier or service provider , whose goods , services or works offered for procurement , has local content equal to or more than 80%. ii. Class-II Local supplier means a supplier or service provider , whose goods , services or works offered for procurement , has local content more than 50% but less than 80%. iii .Non-Local supplier means a supplier or service provider , whose goods , services or works offered for procurement , has local content less than or equal to 50%. 4. verification of Local Content : a. The Class-I Local supplier ’ /Class-II local Supplier ’ at the time of tender ,bidding or solicitation shall be required to indicate percentage of local content and provide self –certification that the item offered meets the local content requirement for Class-I Local supplier’/ Class- II local Supplier’ , as the case may be. They shall also give details of the location (s) at which the local addition is made. b. In case of procurement for a value in excess of Rs 10 crores , the Class-I local Supplier’/ Class-II Local supplier shall be required to provide a certificate from the statutory auditor or cost auditor of the company (in the case of companies ) or from a practicing cost accountant or practicing chartered accountant (in respect of suppliers other than companies ) giving the percentage of local content . c. The following Committee is being formed for independent verification of self declarations and auditor’s/accountant’s certificate on random basis and in the case of complaints – 1.Chairman-MD, Karnataka Antibiotics &Pharmaceuticals Limited. 2.Member-Representative from XXXXX Xxxxxxxxx 3. Member-Representati...
