المملكة: 100 thousand riyals fine for price manipulators.. "commerce" “Goods cannot be returned or exchanged” in markets
The Ministry of Commerce has presented a draft updated schedule for municipal penalties related to The accompanying schedule of the previous ministerial decision issued on the twentieth of Muharram of the current year, to be effective from the date of its publication in the Official Gazette.
Price manipulation and return policy
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 food products and 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 The violation must be corrected 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 difference in the price of the product or Goods of unknown origin The regulation 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. />
