المملكة: 100 thousand riyals fine for price manipulators.. Trade prohibits “goods cannot be returned or exchanged” in markets #Urgent
The Ministry of Commerce has presented a draft of an updated schedule for municipal penalties related to sales violations, imposing fines of up to one hundred thousand riyals for increasing prices beyond the specified limit.
The decision includes punishing those who refuse to provide electronic payment, and prohibiting the use of the phrase “the goods sold are not returned or exchanged” in commercial markets.
The ministerial decision requires approval of violations of sales regulations for which no penalty was previously specified.
The approved schedule replaces the schedule. Accompanying the previous ministerial decision issued on the twentieth of Muharram of the current year, it will be effective from the date of its publication in the Official Gazette.
The updated schedule of violations revealed the imposition of a financial fine equivalent to the difference between the specified price and the actual selling price of products and food supplies.
The regulations stipulated that this fine should not be less than five thousand riyals and not exceed one hundred thousand riyals for each item, with the establishment obligated to correct the violation within fourteen days.
/>
The Ministry has tightened its control over return policies, as it approved a fine of up to one thousand riyals, which is doubled upon repetition, for every establishment that uses the phrase “the goods sold are not returned or exchanged” or what is indicated in its headquarters, invoices, or advertisements.
The same penalty is imposed on establishments that do not adhere to the exchange and return policy, or provide incorrect information about the products offered or their marketing.
The table showed that the price of the product or service provided differs from the selling price. The final decision exposes the license holder to a fine of up to one thousand riyals.
The same regulatory procedure applies to not placing a price on the offered goods, refraining from giving an invoice, or not including a brief description of the product in the invoice.
With regard to financial transactions, the Ministry warned against refraining from using electronic payment methods, imposing a fine ranging between eight hundred and two thousand riyals for violators.
It added that failure to provide valid and ready-to-use payment methods will result in a fine. It reaches a thousand riyals, in addition to punishing establishments that do not open a private bank account with a fine of five thousand riyals.
The decision touched on regulating the work of bakeries and establishments that rely on subsidized flour, imposing a fine of up to ten thousand riyals in the event of repackaging the flour or using it for something other than what it was allocated for.
The regulation specified a fine of five thousand riyals when a waste of flour or dough exceeding five percent of the allocated weekly quantity is detected, with bakeries being punished. Refraining from providing flat bread and samuli.
The regulations classified the possession and display of goods of unknown origin or containing misleading information as a serious violation requiring an immediate fine of up to five thousand riyals without granting a corrective period to the establishment. The regulations also stipulate that anyone who uses symbols and emblems of countries or religious and sectarian slogans for commercial purposes will be punished with a fine of one thousand riyals.
The Ministry stated that removing the closure sticker or requesting a review affixed to the entrances of establishments without official approval is a violation requiring a fine.
Financial penalties also apply to establishments that do not adhere to the conditions and controls of comprehensive or partial discounts and commercial competitions, provided that the fines are doubled in the event of repetition of these violations.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
