Print Edition - 2015-05-22 | MONEY
Wrongdoers in market face govt action
May 21, 2015-
The Department of Commerce and Supply Management (DoCSM) on Wednesday took action against two retailers for their involvement in the blackmarketing of polyethylene foam (PE foam), a thermoplastic material often used for cushioning.
According to the department, Gharaniya Furniture of Baneshwor and Sagar Readymade Kapada Pasal of Thapathali have been charged with selling the product at exorbitant prices.
Gharaniya was found selling the 10-mm mattress at Rs 225 per metre, while the actual retail price is just Rs 128. Similarly, Sagar Readymade was found selling the product at Rs 330 per metre.
Hari Narayan Belbase, director at the department, said they found the stores charging customers high during a cross-checking based on complaints. He said the department handed over the proprietors—Bhim Shrestha and Dilip Chaudhary—to the police seeking action under the Black Marketing and Other Social Offences and Punishment Act 1975. “After taking statements from them, we forwarded the cases to the police,” he said.
Belbase said they have intensified inspection especially of zinc sheets, PE foam, tarpaulin and food items, among others, that are in high demand. “In coordination with Nepal Bureau of Standards and Metrology, we will carry out inspection outside the valley next week.”
Published: 22-05-2015 08:17