what we do

We have specialization to provide advisory services on complex statutory Compliance and policy-related matters under areas of Logistics (Import & Export), Taxation (GST & Customs), Foreign Trade & Investment (DGFT), Food Safety (FSSAI), Weights & Measures (Legal Metrology), Wireless & Telecommunication Products (WPC) and Chartered Engineering services. Optimize your Supply chain as 4PL Company through our 3PL partners. Refund of duty/ credit/interest at Customs, GST and DGFT Appellate Service related to Customs, GST and Legal Metrology. Licenses and IEC from DGFT.

Friday, April 10, 2020

MRP of a unsold stock may be enhanced if there is a increase in the GST upto 30th September 2020

 MRP  declaration - Stamping or Putting sticker or Online printing

Declaration of the changed retail sale price (MRP) shall be made by
way of stamping or putting sticker or online printing, as the case may be, after complying
with the following conditions:

(i) The difference between the retail sale price originally printed on the package and the
revised price shall not, in any case, be higher than the extent of increase in the tax 1f any, or
in the case of imposition of fresh tax, such fresh tax, on account of implementation of GST
Act and Rules.

(ii) The original MRP shall continue to be displayed and the revised price shall not
overwrite on it.

How to inform the consumer about change in the MRP of the goods

 Manufacturers or packers or importers shall make at least two advertisements in one
or more newspapers in this regard and also by the circulation of notices to the dealers and to the
Director of Legal Metrology in the Central  Government and Controllers of Legal Metrology in
the States and Union Territories, indicating the change In the price of such packages.

Time period 

 It is also clarified that any packaging material or wrapper which could not be
exhausted by the manufacturer or packer or Importer prior to revision of GST, may be used
for packing of material up to  30th' September 2020 or till such date the packing material or
wrapper is exhausted, whichever is earlier after making corrections required in retail safe
price (MRP) on account of implementation of G.S.T. by way of stamping or putting sticker or
online printing, as the case may be.
  Source https://consumeraffairs.nic.in/sites/default/files/file-uploads/latestnews/LM_01042020.pdf

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