Top foreign retailers said marking MRP on individual products increases production cost that is eventually borne by the consumer.

This rule must be applicable to establishments like restaurants, eateries and malls that sell packaged goods such as bottled beverages whic...

The proposal has perturbed pharma cos as it will put their manufacturing cost, profits and margins in the public domain.

Top European retailers had said the practice increases production cost -in Ikea's case, labelling costs per store could be as high as Rs 7-...

It is mandatory for MRP to be displayed on every packaged product, along with information about the manufacturer or importer, date of packa...

E-commerce companies from January 2018 will have to print not only the MRP on goods but also information like expiry date and customer care...

The move to enforce the direction was taken by the government after many consumers came forward with complaints of arbitrary taxes on MRP.

The new rules also makes it mandatory for ecommerce firms to mention MRP of products, which is aimed at ending any ambiguity.

It says that items that have breached the "use by" date should not be regarded as marketable, meaning these have to be discarded.

The Fertilizer Ministry has sought more than Rs 25,000 crore from the Finance Ministry for making subsidy payments to domestic urea manufac...

Medicine samples supplied to doctors burned a hole in government’s tax revenues prompting the Comptroller and Auditor General (CAG) of Indi...

The tax will now be paid not on the assessable value declared by the manufacturer, but the MRP printed on the pack. Smart tax-saving strate...

Pharmaceutical companies, which do not make drugs in excise exempt states, can look forward to a relief in the forthcoming Union Budget.

Remember the saying that nations don’t have permanent friends, only permanent interests? Well, it would seem that no one knows that better ...

It will take six more months before you see the maximum retail price (MRP), inclusive of local taxes, printed on consumer packs of imported...

The Government has extended the deadline for imported drug formulations by six months to comply with the new labelling norm, which requires...

The Finance Ministry has zeroed in on a policy measure that could impact the bottomlines of textile and pharma biggies, but bolster the gov...