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Price Control and Anti-Profiteering Regulation 2016

Enforcement of Price Control and Anti-Profiteering

Starting from 1st January 2017, the Ministry of Domestic Trade and Consumer Affairs has enforced the Price Control and Anti-Profiteering (Mechanism to Determine Unreasonably High Profit for Goods) Regulations 2016 to act upon the profiteering activity. This Regulations revokes the earlier Price Control and Anti-Profiteering (Mechanism to Determine Unreasonably High Profit for Goods) (Net Profit Margin) Regulations 2014 that came into effect until 31st December 2016.

This Regulations applies the mark-up percentage calculation mechanism or margin percentage mechanism on each first day of financial year or calendar year of business as the determinant of basic profit. The percentage is based on the mark-up percentage or margin percentage on the first day of the previous year and the trend difference of mark-up percentage or margin percentage for the period of previous 3 years.

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E-Guidebook : Mechanism for Implementing Mechanisms to Determine unreasonable High Profits





source: KPDNHEP

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