JOHOR BARU: Traders here were found to hike up the price of their goods excessively even before the implementation of the Goods and Services Tax (GST) on April 1 this year.
Checks conducted by the Johor Domestic Trade, Co-operatives and Consumerism Ministry (KPDNKK) at a hypermarket near Taman Nusa Bestari here found several premise owners have increased prices of some control items.
The ministry’s anti-profiteering unit chief Zahrin Zaini said out of 35 premises that were checked, five was given notices under Section 21 of the Price Control and Anti-Profiteering Act 2011.
“Last week, the ministry also conducted checks at the same hypermarket where 15 traders were given a compound for failing to put up price labels.
“This time around, some of them were found to be overcharging on control items which is an offence under the Act,” he said to pressmen during Ops Catut here recently.
He pointed out that the premise owners have been given three days to reply with the notice and give reasons why they increased the prices.
“We want to know the reasons why traders increased the prices such as rental or the supplier have increase their price,” he said, adding that the ministry would conduct its investigations on the claims made by the premise owners.
He added that under the Act, traders could face a fine of RM100,000 for first time offenders or RM250,000 for second offence.
Zahrin also said if it was a privately owned business, the trader could face RM50,000 fine and two years imprisonment under the same Act.
He reminded traders to always comply with the ceiling price and conduct their business in a truthful manner.