MRP Valuestion

[Amit Apshankar]

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

 

 

AI Summary

Automotive manufacturers must display MRP on components sold to OEMs per Legal Metrology Act, 2010, or face penalties. A manufacturer of automotive electronic products inquired about the necessity of marking the Maximum Retail Price (MRP) on products sold to Original Equipment Manufacturer (OEM) customers not registered under Central Excise. The response clarified that, according to the Legal Metrology Act, 2010, it is mandatory to display the MRP on automotive components, even when sold to industrial customers for resale. Failure to comply with this requirement could result in penal action and compounding.