More reports on: Economy - general

Govt allows display of post-GST revised MRP rates up to 31 December

news
18 November 2017

The government has further extended permission for stamping of revised maximum retail prices (MRP) on packaged products till 31 December 2017, in view of requests for extending the period for clearing unsold stocks.

Manufacturers and sellers have sought some permission to display the revised MRP due to implementation of GST by way of stamping or putting stickers or online printing for a further period of three months, ie, up to 31 December 2017.

The government had also allowed the use of unexhausted packaging material / wrapper up to 30 September 2017 after making the necessary corrections, an official release stated.

Ram Vilas Paswan, union minister for consumer affairs, food & public distribution, said permission has been granted to affix an additional sticker or stamping or online printing for declaring the reduced MRP on the pre-packaged commodity. In this case, however, the earlier labelling/ sticker of MRP will continue to be visible.

This relaxation will also be applicable in the case of unsold stocks manufactured / packed / imported after 1 July 2017 where the MRP would reduce due to reduction in the rate of GST post 1 July 2017, says the release.





 search domain-b
  go