MRP stands for Maximum Retail Price. It means, maximum price charged/to be charged to ultimate consumer.

RSP stands for Retail Sale Price. It is the price agreed between buyer and seller. Ex - Sale by wholesaler to retailer.

RSP is always less than MRP.

 

 

Posted 1 year, 2 months ago by Ankit Sharma


Dear Sir,

 

please advise me if my MRP is 1599 or my selling price is 899 so on which amount i am liable to pay excise duty.

 

Posted 1 year, 2 months ago by Santosh Yadav


Excise duty u/s 4A is levied on MRP declared on package intended for retail sale less abatement if any.

Posted 1 year, 2 months ago by Ankit Sharma


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