alteration of mrp
This query is : Resolved
25 February 2010
1. if retail price declared on the package at the time of removal is subsequently altered to increase the price, such increased price will be retail price for purpose of section 4A
2. as per section 2(f)(ii) altering price will be deemed manufacture
3. as per section 4A(4)(b) if the manufacture alters the retail price goods are liable to confiscation
4. as per rule 23 of packaged commodities rules alteration of MRP is prohibited
I have found all these statements in v s datey book for indirect taxes. I want to know which one is correct for the question of, effect of altering mrp printed on the package
2. as per section 2(f)(ii) altering price will be deemed manufacture
3. as per section 4A(4)(b) if the manufacture alters the retail price goods are liable to confiscation
4. as per rule 23 of packaged commodities rules alteration of MRP is prohibited
I have found all these statements in v s datey book for indirect taxes. I want to know which one is correct for the question of, effect of altering mrp printed on the package
Guest
Guest
(Expert)
25 February 2010
All the above statements are from SECTION 4A of the act
you can relate each of the above statements with the below ones individually,
1) WHAT IF the price is altered
2) HOW the act defined the alteration of price
3) WHAT is the legal action to be taken if price is altered
4) PROHIBITION of such alteration.
Example:
Mr.X alters the MRP of Product A, then, a)Which price have to be taken as MRP,
b)Is the act defined such alteration,
c)What course of action should be taken on Mr.X.
d)Under which rule such alteration is prohibited.
The above questions can be answered as follows [JUST COPY PASTE YOUR QUERY]
Which means all the above statements are correct and simultaneous.
For further queries shoot me at tl.pradeep5@gmail.com
you can relate each of the above statements with the below ones individually,
1) WHAT IF the price is altered
2) HOW the act defined the alteration of price
3) WHAT is the legal action to be taken if price is altered
4) PROHIBITION of such alteration.
Example:
Mr.X alters the MRP of Product A, then, a)Which price have to be taken as MRP,
b)Is the act defined such alteration,
c)What course of action should be taken on Mr.X.
d)Under which rule such alteration is prohibited.
The above questions can be answered as follows [JUST COPY PASTE YOUR QUERY]
Which means all the above statements are correct and simultaneous.
For further queries shoot me at tl.pradeep5@gmail.com
Message likes :
2 times
26 February 2010
thank you i understood clearly
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