Section 3
Profiteering
3. Profiteering:
(1) Except as the price has been fixed under Section 2, in cases where a person trading any goods prescribed by Government of Nepal has taken profit in excess of Twenty percent normally or sell the goods, by receiving undue profit, taking advantage of the shortage, such a person may be punished with imprisonment for a term not exceeding Five years or with a fine or with both.
(2) Notwithstanding anything contained in Section 2, in the case of the goods imported by recovering loss in export, a person may receive profit pursuant to Sub-section (1) in a manner also to recover the loss sustained in exporting the goods.
(3) Each wholesaler or retailer shall display a price index of the goods as prescribed by Government of Nepal at the place of sale in a manner conspicuous to all. One who fails to display may be punished with imprisonment for a term not exceeding One year or with a fine or with both
(1) Except as the price has been fixed under Section 2, in cases where a person trading any goods prescribed by Government of Nepal has taken profit in excess of Twenty percent normally or sell the goods, by receiving undue profit, taking advantage of the shortage, such a person may be punished with imprisonment for a term not exceeding Five years or with a fine or with both.
(2) Notwithstanding anything contained in Section 2, in the case of the goods imported by recovering loss in export, a person may receive profit pursuant to Sub-section (1) in a manner also to recover the loss sustained in exporting the goods.
(3) Each wholesaler or retailer shall display a price index of the goods as prescribed by Government of Nepal at the place of sale in a manner conspicuous to all. One who fails to display may be punished with imprisonment for a term not exceeding One year or with a fine or with both