281 million pounds penalty in 2023 for stockists and exorbitant prices

 
The Ministry of Commerce continued its inspections for unfair price increase and stock activities during the year 2023, and a total of 281 million pounds of administrative fines for enterprises. According to the Ministry's Annual Report of the Ministry, consumers to access goods and services at fair prices and to maintain the market balance in the examinations, a large number of sanctions were imposed.
 
Heavy sanctions on exorbitant price increases
 
In line with the complaints reached by the Ministry, 72 thousand 774 companies and 661 thousand 327 products were inspected in the investigations carried out by the Provincial Directorates of Trade. A total of 216 million 410 thousand 314 pounds were cut to enterprises acting in contradiction with the legislation.
 
Especially in the market of motor vehicles to provide fair competition in the market '6 months-6 thousand kilometers' regulation and ad restriction was put into practice. In this context, a total of 12 million 608 thousand 640 pounds were imposed on the audits carried out, those who act contrary to the regulation and the companies operating without a certificate of authorization.
 
64.8 million pounds penalty for stockists
 
The unfair price evaluation committee made investigations for the enterprises engaged in stocking in the automotive sector. As a result of the audits, a total of 64 million 805 thousand 288 pounds of administrative fines were imposed on the companies that cause unbalanced price increases in the market.
 
Jewelers who did not receive authorization certificate were also fined
 
The Ministry also carried out strict inspections in order to prevent registration in the jewelery sector and to protect the consumer. Last year, 2 thousand 367 enterprises were given a Jewelery Certificate. 25 million pounds penalty was cut to enterprises who were found to operate without obtaining a certificate of authorization.
 
It is stated that the audits will continue in 2024 in order to protect the consumer, to ensure market balance and to prevent unfair commercial gains.
 
 
 
Source: Cumha - Cumhur News Agency