What steps can be taken to ensure effective monitoring of Maximum Retail Price (MRP) of imported medical devices in India

1. **Mandatory Price Declaration:** Manufacturers should be required to prominently display the MRP on the packaging of imported medical devices. 2. **Regular Inspections:** Conduct routine checks by regulatory authorities to ensure compliance with MRP regulations. 3. **Strict Penalties:** Implement stringent penalties for manufacturers found violating MRP regulations. 4. **Transparent Pricing:** Encourage transparency in pricing by having a standardized pricing model for imported medical devices. **Challenges Faced by Manufacturers:** 1. **Fluctuating Exchange Rates:** Currency fluctuations can impact the pricing of imported devices. 2. **Logistical Hurdles:** Delays in customs clearance and transportation can affect pricing. 3. **Compliance Costs:** Ensuring compliance with MRP regulations can be costly for manufacturers. **Measures for Effective Monitoring:** 1. **Digital Tracking System:** Implement a digital system to track imported devices from entry to sale. 2. **Collaboration:** Foster collaboration between regulatory bodies and manufacturers to streamline monitoring processes. 3. **Training and Awareness:** Provide training to manufacturers on MRP regulations to ensure compliance and understanding.