Article 1 (Amended By 5 /2013) Starting Date : 14/04/2013 Amended under Law 5 of 2013) 1. The Ministry of Business and Trade is the sole competent authority (the competent department at the Ministry) to fix prices, to set profit limits, and to monitor the same as indicated by the provisions of this Law. 2. The Minister of Business and Trade may, by its own decision, set the limit for the following: a. Prices of goods manufactured locally or imported from abroad. b. The amount of the permissible profit limit for owners of factories, importers and retailers with respect to any commodity manufactured locally or imported from abroad, where the Ministry deems such net profit exceeds the ordinary limit. c. Prices of meals, food and beverages in cafes, restaurants, hotels, buffets and other public shops that sell meals, food and beverages. d. Rates of rooms in hotels and similar places intended to accommodate the public. e. Rates and prices of businesses and services provided by craftsmen and the like. Last Article Text (Amended By 14/2001) Starting Date : 31/07/2001 Expiry Date: 14/04/2013 Effective Date: 07/31/2001 expiry date: 04/14/2013 The Ministry of Business and Trade is the sole competent authority (Department of Specifications, Standards and Consumer Protection) to fix the prices and set profit limits and to monitor same as indicated by the provisions of this Law. The Minister of Business and Trade may, by its own decision, set the limit for the following: 1. Prices of goods manufactured locally or imported from abroad. 2. The amount of permissible limit of profit for owners of factories, importers and retailers, with respect to any commodity manufactured locally or imported from abroad, if the Ministry deems such net profit exceeds the ordinary limit. 3. Prices of meals, food and beverages in the cafes, restaurants, hotels, buffets and other public shops intended for the sale of meals and food and beverages. 4. Rates of rooms in hotels and similar places intended to accommodate the public. 5. Rates and prices of businesses and services provided by the craftsmen and the like. Last Article Text Starting Date : 03/04/1972 Expiry Date: 31/07/2001 Effective date: 04/03/1972 expiry date: 07/31/2001 The Ministry of Business and Trade is the sole competent authority (Prices-fixing and Consumer Protection Division) to fix the prices and profits and to monitor same as indicated by the provisions of this Law. The Minister of Business and Trade may, by its own decision, set the limit for the following: 1. Prices of goods manufactured locally or imported from abroad. 2. The amount of permissible limit of profit for owners of factories, importers and retailers, with respect to any commodity manufactured locally or imported from abroad, if the Ministry deems such net profit exceeds the ordinary limit. 3. Prices of meals, food and beverages in the cafes, restaurants, hotels, buffets and other public shops intended for the sale of meals and food and beverages. 4. Rates of rooms in hotels and similar places intended to accommodate the public. 5. Rates and prices of businesses and services provided by the craftsmen and the like.
Article 1 (Amended By 5 /2013) Starting Date : 14/04/2013
Amended under Law 5 of 2013) 1. The Ministry of Business and Trade is the sole competent authority (the competent department at the Ministry) to fix prices, to set profit limits, and to monitor the same as indicated by the provisions of this Law. 2. The Minister of Business and Trade may, by its own decision, set the limit for the following: a. Prices of goods manufactured locally or imported from abroad. b. The amount of the permissible profit limit for owners of factories, importers and retailers with respect to any commodity manufactured locally or imported from abroad, where the Ministry deems such net profit exceeds the ordinary limit. c. Prices of meals, food and beverages in cafes, restaurants, hotels, buffets and other public shops that sell meals, food and beverages. d. Rates of rooms in hotels and similar places intended to accommodate the public. e. Rates and prices of businesses and services provided by craftsmen and the like.
Amended under Law 5 of 2013)
Last Article Text (Amended By 14/2001) Starting Date : 31/07/2001 Expiry Date: 14/04/2013
Effective Date: 07/31/2001 expiry date: 04/14/2013 The Ministry of Business and Trade is the sole competent authority (Department of Specifications, Standards and Consumer Protection) to fix the prices and set profit limits and to monitor same as indicated by the provisions of this Law. The Minister of Business and Trade may, by its own decision, set the limit for the following: 1. Prices of goods manufactured locally or imported from abroad. 2. The amount of permissible limit of profit for owners of factories, importers and retailers, with respect to any commodity manufactured locally or imported from abroad, if the Ministry deems such net profit exceeds the ordinary limit. 3. Prices of meals, food and beverages in the cafes, restaurants, hotels, buffets and other public shops intended for the sale of meals and food and beverages. 4. Rates of rooms in hotels and similar places intended to accommodate the public. 5. Rates and prices of businesses and services provided by the craftsmen and the like.
Last Article Text Starting Date : 03/04/1972 Expiry Date: 31/07/2001
Effective date: 04/03/1972 expiry date: 07/31/2001 The Ministry of Business and Trade is the sole competent authority (Prices-fixing and Consumer Protection Division) to fix the prices and profits and to monitor same as indicated by the provisions of this Law. The Minister of Business and Trade may, by its own decision, set the limit for the following: 1. Prices of goods manufactured locally or imported from abroad. 2. The amount of permissible limit of profit for owners of factories, importers and retailers, with respect to any commodity manufactured locally or imported from abroad, if the Ministry deems such net profit exceeds the ordinary limit. 3. Prices of meals, food and beverages in the cafes, restaurants, hotels, buffets and other public shops intended for the sale of meals and food and beverages. 4. Rates of rooms in hotels and similar places intended to accommodate the public. 5. Rates and prices of businesses and services provided by the craftsmen and the like.
Effective date: 04/03/1972 expiry date: 07/31/2001