Last Date of Sale of Old Stock with MRP

GST DOST's BLOG

Last Date of Sale of Old Stock with MRP
Sep, 2017
By 4 622 Read in : हिन्दी

The Government hinted that the price of goods will drop with GST coming into effect. It also said that the customer has the right to know how the difference in prices before and after GST was rolled out even if the price of a particular product did not decrease. There were questions on how this is practically possible.

To answer this, Ram Vilas Paswan of Ministry of Consumer Affairs said that all pre-packaged goods that were packed before July 2017 will have to bear information regarding the change in price on the packaging itself. Companies can achieve this by putting a separate sticker, online printed labels or stamps on the packet.

What are Packaged Products?

We will try to explain this to you in simple terms. These are goods that are measured on the basis of legal metrology act for packing before sale. This includes goods that diminish in value or decrease in weight if the packing gets opened before actual sale is made to the consumer. However, not all goods that have price or weight printed on the packet are considered packaged goods. For instance, when you go to buy a watch from a showroom, the salesman will open the packet to show you the watch. This does not affect either the price or the weight of the watch.

The date for announcing information of both types of values was ending on 30/09/2017. In protest, the CAT, the largest association of businessmen, said that if the last date of sale of old stock with MRP was not postponed, it would result in a cumulative loss of approximately Rs. 6 lakh crore. To this, the Ministry. Of Consumer Affairs decided to extend the date to 31/12/2017.

Press Release 

Permission to display revised MRP due to Implementation of GST extends up to 31st December, 2017: Shri Ram Vilas Paswan

On account of implementation of GST w.e.f. 1st July, 2017, there may be instances where the retail sale price of a pre-packaged commodity is required to be changed. In this context, Hon’ble Minister for Consumer Affairs, Food & Public Distribution had allowed the manufacturers or packers or importers of pre-packaged commodities to declare the revised retail sale price (MRP) in addition to the existing retail sale price (MRP), for three months w.e.f. 1st July 2017 to 30th September, 2017. Declaration of the changed retail sale price (MRP) was allowed to be made by way of stamping or putting sticker or online printing, as the case may be. 

Use of unexhausted packaging material/wrapper was also been allowed upto 30th September, 2017 after making the necessary corrections. 

Considering the requests received to extend the permission for some more time it has been extended to display the revised MRP due to implementation of GST by way of stamping or putting sticker or online printing for a further period of three months, i.e. up to 31st December, 2017. 

*****

AK 
(Release ID :171269)

Poster Release by Depatment of Consumer Affairs