The Central Government has permitted manufacturers, packers, and importers of pre-packaged commodities to declare revised Maximum Retail Price, or MRP, on unsold stock until December 31st, following the recent change in GST rates. According to the notification from the Ministry of Consumer Affairs, companies can revise MRPs on old stock by stamping, using stickers, or online printing.

 

However, the original MRP must remain visible and no overwriting will be allowed.The government has clarified that any upward revision in MRP should only reflect the extent of tax increase, while in case of tax reduction, the revised price must not exceed the reduced amount. Manufacturers and packers are also required to issue at least two public advertisements in newspapers and notify Legal Metrology authorities about the price revision. Consumer Affairs Ministry has also clarified that any packaging material or wrapper which could not be exhausted by the manufacturer or packer prior to revision of GST, may be used upto 31st December or till the packing material is exhausted. This has to be done after making corrections required in MRP by stamping or putting sticker.