The Department of Consumer Affairs has allowed change in MRP on unsold stock as on June 30, 2017 vide Communication Reference WM-10(31)/2017 dated July 4, 2017.
Manufacturers or packers or importers of pre-packaged commodities may declare the change retail sale price (MRP) on the unsold stock manufactured/ packed/ imported prior to 1st July, 2017 after inclusion of the increased amount of tax due to GST if any, in addition to the existing retail sale price (MRP), for three months. 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 pride shall not, in any case, be higher than the extent of increase in the tax if 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.
(iii) Manufacturers or packers or importers shall make at least two advertisements in one or more newspapers in this regard and also by 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.
It is also clarified that ‘for reducing the Maximum Retail Price (MRP), a sticker with the revised lower MRP (inclusive of all taxes) may be affixed and the same shall not cover the MRP declaration made by the manufacturer or the packer, as the case may be, on the label of the package’.
Use of unexhausted packaging material/wrapper has also been allowed, after making the necessary corrections.
This is permitted for the period till 30th September 2017.