Govt. permits manufacturers
/ packers / importers of pre-packaged commodities to declare revised MRP on
unsold stock as on appointed date, in addition to existing MRP, upto December
31; Unexhausted packaging material / wrapper can also be used upto earlier of
said date or till such date same is exhausted after making corrections required
in MRP on account of implementation of GST; Declaration of changed MRP shall be
made by way of stamping / putting sticker / online printing after following
prescribed conditions; These conditions stipulate that – (a) MRP originally
printed on package and revised price shall not be higher than extent of
increase in tax on account of GST, (b) new MRP should be declared after
factoring in and taking into consideration extra availability of Input Tax
Credit (including deemed credit) under GST, (c) revised MRP shall not overwrite
original one, and (d) manufacturers / packers / importers must make atleast 2
advertisements in newspapers indicating change in price if not done earlier;
Also clarifies that for reducing MRP, a sticker with revised lower price
(inclusive of all taxes) may be affixed and same shall not cover MRP
declaration made by manufacturer / packer / importer on the label of package :
Dept. of Consumer Affairs Letter
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