Ministry reminds businesses to display prices on goods
The ministry said it had received complaints that many products displayed for sale in shops did not carry prices that customers could easily identify.
Top Stories
-
Motorcyclist with 13 unlicensed riding cases arrested after crash
-
Police arrest 3 Bangladeshis over illegal forex trading
-
Nasheed blames govt policies for closure of German consulate
-
Court schedules verdict in Yameen's Fuhgiri case for 29 October
-
Yameen's lawyer says PG failed to link him to Fuhgiri lease deal
The Ministry of Economic Development and Trade has reminded businesses that they are required by law to clearly display the prices of goods offered for sale, following complaints from consumers about products being sold without visible price labels.
In a statement issued on Wednesday, the ministry said it had received complaints that many products displayed for sale in shops did not carry prices that customers could easily identify.
The ministry referred to Article 16(a) of the Consumer Protection Act, which prohibits businesses from displaying goods for sale without clearly informing consumers of their prices.
According to the ministry, businesses can comply with the requirement by displaying prices in either of two ways.
The first method is to write, print or attach the price directly onto the product.
Alternatively, businesses may display the price at the location where the product is placed, provided it is clear which item the price refers to.
The ministry urged all retailers and other businesses selling goods to ensure that prices are displayed in accordance with the law and are clearly visible to customers.
It also announced that inspections and monitoring would be conducted to assess whether businesses were complying with the requirements.
The ministry warned that action would be taken against businesses found selling goods without displaying prices as required under the Consumer Protection Act.