Govt allows revised MRP declaration for pre-packaged goods
On account of implementation of GST, there might be instances where the retail sale price printed on a pre-packaged commodity is required to be revised
The government has allowed manufacturers/ packers/importers of pre-packaged commodities to declare the revised retail sale price (MRP), after implementation of GST by way of stamping or putting sticker or online printing, a Ministry of Consumer Affairs order said.
On account of implementation of GST, there may be instances where the retail sale price printed on a pre-packaged commodity is required to be revised, it said.
It will be applicable on unsold stock manufactured/packed/imported, if any, in addition to the existing retail sale price (MRP) up to March 31, 2018.
"Use of un-exhausted packaging material/wrapper has also been similarly allowed up to March 31, 2018, after making necessary corrections," the statement said.
The said information has been disseminated to all the stakeholders and Controllers of Legal Metrology of all States/UTs for immediate action.
This information was given by the Minister of State for Consumer Affairs, Food & Public Distribution Shri C.R. Chaudhary today in Rajya Sabha.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
02:03 PM IST