
Firms can declare the revised retail sale price on unsold stockThe Ministry of Consumer Affairs has permitted manufacturers, packers and importers to continue selling products with old MRPs and packaging until December 31, 2025, following the recent GST rate cuts. However, companies have been mandated to declare revised lower prices and ensure that consumers benefit immediately from the tax reductions.
According to a notification issued under the Legal Metrology (Packaged Commodities) Rules, 2011, firms can declare the revised retail sale price (MRP) on unsold stock through stamping, stickers, or online printing. The original MRP must continue to be displayed, and the revised price cannot exceed the extent of tax increase or decrease due to GST changes.