Govt. extends permission to display revised MRP due to GST implementation upto December 31

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