Nepal: Market regulator warns of strict action against onion black marketeers

Published 2023년 6월 16일

Tridge summary

The Department of Commerce, Supplies, and Consumer Protection (DoCSCP) in Nepal has warned traders against artificial shortages and price inflations of onions, following the government's decision to impose a 13 percent Value Added Tax (VAT) on imported potatoes and onions. The DoCSCP has threatened legal action under the Consumer Protection Act 2018 against any traders who violate government laws related to import, supply, storage, and sale of these vegetables.

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Original content

KATHMANDU, June 16: The Department of Commerce, Supplies, and Consumer Protection (DoCSCP) has issued a stern warning to traders involved in the black market for onions, emphasizing that strict action will be taken against them. In a public notice released on Friday, the market regulator cautioned traders against artificially inflating onion prices by citing a shortage in the domestic market. The notice stated, "If anyone violates the government laws pertaining to import, supply, storage, and sale, they will be subject to legal action under the Consumer Protection Act 2018." Following the government's announcement in the budget to impose a 13 percent Value Added Tax ...

Source: Nagariknetwork