MRP

Save Share

This query is : Resolved

FLAUBERT FRANCIS (Querist)
Follow

31 January 2009 Dear Sir,

Pls.update me on the following:

1: If Maximum Retail Price is revised upwards or downwards,who is responsible as per the Indian Weights and Measurement Act to change the revised MRP in the packs or cartons.Is it the manufacturer or the distributor?

2. If the distributor sells the goods after the price revision,with the old MRP in the packs,at what rate has he to sell?Is it on the NEW MRP or OLD MRP?

I shall be thankful,for an immediate reply.

Best regards
SF FRANCIS

CA RAMESH KUMAR AHUJA

CA RAMESH KUMAR AHUJA (Expert)
Follow

01 February 2009 MRP is the liberty of manufacturer and government has no control over the MRP. However, retailers or system integrators who assemble a product using various components of different companies can charge new MRP on the package. They can also relabel and sell it.

If a manufacturer manufactures for a particular person without any intermediary, then the rules do not apply. But if anything comes from any channel then all the rules apply.

MRP once printed on the goods sold can not be changed. Any change may be done by the manufacturer only at the time of first sale.

FLAUBERT FRANCIS

FLAUBERT FRANCIS (Querist)
Follow

03 February 2009 Dear Mr.Ramesh Kumar,

Thanks for your prompt reply.
I shall be thankful if you can throw light on the following:
"
If the distributor sells the goods after the price revision,still with the old MRP in the packs,at what rate has he to sell?Is it on the NEW MRP or OLD MRP?"

In case of any problem arising out of sales with the old MRP,who will be responsible-the manufacturer or the distributor?Pls.tell me very specifically on this point.
Thanks and regards
SF FRANCIS

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now