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MRP
MRP News
New Packaging Rules
01 Jan 2024
Date Of Manufacturing, Unit Sale Price Now Mandatory On All Packages
Previously, companies were given the flexibility to choose between printing the 'date of manufacturing,' 'date of import,' or the date of packaging.
GST component
31 Oct 2017
Make GST inclusion in MRP mandatory for restaurants, malls and shopping outlets, recommends GoM
Among other things, the GoM also suggested lowering the fees for delayed filing of returns to Rs 50 a day from Rs 100.
E-commerce
26 Jul 2017
E-commerce sites to disclose food expiry date, MRP
E-commerce companies will now have to display the expiry dates and maximum retail prices of packaged food products under new rule designed to protect consumers from being sold old stuff.
GST
07 Jul 2017
GST impact: Manufacturers to face jail term for not reprinting revised MRP on inventory
Consumer Affairs Minister Ram Vilas Paswan on Friday warned of a fine of up to Rs 1 lakh, including a jail term, if new post GST rates are not printed on the inventory in the interest of consumers.
Pharma Firms
05 Aug 2014
Pharma firms earn excessively; govt asked to reduce MRP of drug
Allowing pharma companies to earn excessive profit is against the principles of morality and ethics, the National Consumer Commission has said, directing the Centre to reduce the MRP of a drug for checking effects of non-cancerous tumor on which Novartis make over 100 percent gain.
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