MRP Valuestion, Central Excise

[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

 

 

Posts / Replies

[Pradeep Khatri]

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.