The pricing of imported drugs also must follow certain guidelines.
(1) Port and Wholesale Prices
- After-tax port-balanced price = cost, insurance, and freight x (1+ customs duty rate) x (1+ value-added tax rate) x (1+administration fee [export agent fee] + miscellaneous expenses.
- After-tax wholesale price = after-tax port-balanced price x(1+purchase and sale differential rate)
(2) Retail Price
- Retail price = after-tax wholesale price x (1+wholesale and retail differential rate)