NAA: Samsonite guilty of profiteering for failure to reduce MRP post rate reduction

NAA upholds Rs 26 Cr (approx.) profiteering allegation against Samsonite India (Respondent), holds that Respondent failed to pass on benefit of rate reduction from 28% to 18% and instead, increased the base price of products; Complaint was filed w.r.t product ‘American Tourister Sky Tracer HL Blue 68 cm Hard Trolley’ sold by the Respondent, MRP for which remained unchanged at Rs. 9100 per piece regardless of rate reduction from 28% to 18% w.e.f. Nov 15, 2017; NA...