MRP to be sole price decider from Jan 1, 2018
July 8th, 2017
From January 1, 2018, the price of a packaged good would no longer depend on where you bought it- be it a local Kirana store, a mall, a five-star hotel or an airport. The Consumer Affairs Ministry has amended the rules that govern packaged commodities to this effect. As per the amended Legal Metrology rules for packaged commodities, the Centre has clarified that the retail sale price shall be the maximum retail price (MRP) inclusive of all taxes, with the provision to round off the price to the nearest rupee or 50 paise. The new norms also require sellers to enhance the size of letters and numerals for making declarations about the packaged goods, such as their “best before date, month and year” to indicate their shelf life, for making it easier for consumers to read vital information.