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mrp

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(Querist)
18 June 2016 If retailer of readymade garments set their on mrp label, is he liable to pay duty? example: on duty paid Jeans mrp with rs-1000/- he is selling with no discount now retailer want to set mrp of rs 2000/- and want give 40-50% diascont for better sale ? query is retailer liable to pay duty, retailer can do this for better sale?
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Kaushik Joshi

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Kaushik Joshi (Expert)
18 June 2016 Dear Mitesh, This is a very good marketing strategy. However, packing, re packing, labeling, re labeling are considered as deemed manufacturing under Sec 2(f) of excise. Hence he will be considered as a deemed manufacturer under excise and liable to excise if he crossed the limited under the act.
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
19 June 2016 If you want to alter the price of goods then duty will be payable on after alteration of goods.
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