Number of traders paying fines rises with implementation of new rules

number-of-traders-paying-fines-rises-with-implementation-of-new-rules

Kathmandu, January 12

Along with the implementing new rules related to market monitoring the of traders paying has increased in the current fiscal year. The Department of Commerce, Supplies and Protection () has collected a total of Rs 5.5 in fines from traders inside Kathmandu Valley.

While inspecting a total of 720 shops inside Valley around 100 shops have been fined for not providing relevant documents and sought by inspection officers during market monitoring in first five months of current fiscal.

The collection of fines this year has increased by Rs 1.3 million compared to Rs 4.2 million collected during the same period in the last fiscal year. As per the department, the new Consumers Protection Act 2018 has provided inspection officers the authority to levy fines of up to Rs 500,000 from traders on the spot during inspections.

As mentioned in subsection one of section 33 of the act, if there is reasonable ground to believe that unsafe goods having adverse effect or sub-standard goods are being produced or sold, or services are being provided,


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