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MRP Valuestion, Central Excise |
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MRP Valuestion |
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Sir, We are manufacturer of automotive electronic product, the ame product is fall under MRP Under the above valueshtion we are cleared our product on MRP basis for after market sale & on ex-factory for OEM customer,all OEM customare register with Central Excise under rule 9 Basis of above clarification my question is Shall we clear the goods without MRP to OEM which is not register under Central excise
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As per Legal Meterology Act, 2010, mentioning of the MRP on spare parts (Automotive Components) are mandatory even if to Industrial Customers for Re-sale purpose. Non Compliance will certaintly attract penal action and compounding thereof.
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