Garment retailers shift to fixed price to lower duty payment burden

Related Keywords: AEPC, central value added tax, CMAI, existing stocks continue with MRP tag, garment retail shops, Garment retailers in India, Made ups, new stocks come only with fixed price tag, retail price over thousand rupees, shifting from maximum retail price regime, to fixed price regime, two percent levy of excise duty on garments

Mumbai
Garment retailers shift to fixed price to lower duty payment  burden
Summary: 
Garment retailers in India have started gradually shifting from the maximum retail price regime (MRP) to fixed price regime after Union Finance Minister Arun Jaitley, while announcing the Union Budget 2016-17, announced a 2% levy of excise duty on garments and made ups with retail price of over Rs 1,000.

Garment retailers in India have started gradually shifting from the maximum retail price regime (MRP) to fixed price regime after Union Finance Minister Arun Jaitley, while announcing the Union Budget 2016-17, announced a 2% levy of excise duty on garments and made ups with retail price of over Rs 1,000.

http://www.business-standard.com/article/current-affairs/excise-duty-impact-garment-retailers-shift-to-fixed-price-regime-from-mrp-116080200212_1.html
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