economy ministry highlights law on regulation of dealing in subsidized goods
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today
Almaghrib Today, almaghrib today
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today

Economy Ministry Highlights Law on Regulation of Dealing in Subsidized Goods

Almaghrib Today, almaghrib today

Almaghrib Today, almaghrib today Economy Ministry Highlights Law on Regulation of Dealing in Subsidized Goods

The Ministry of Economy and Commerce shed the light on Law
Doha - QNA

The Ministry of Economy and Commerce shed the light on Law No. 5 of 2017 on the regulation of dealing in subsidized goods, which HH the Emir Sheikh Tamim bin Hamad Al-Thani issued as the first legislation regulating dealing in subsidized commodities and the trading and oversight of subsidies in order to ensure they reach the intended beneficiaries.
In a statement issued on Tuesday, the ministry said the law came in line with the state's vision that aim to provide choices for citizens to obtain subsidized foodstuffs and fodder at low prices and high quality.
The ministry issued an awareness publication featuring information and advice to introduce to the public the new law, which aims to regulate access to subsidized goods through designated sale centers at commercial markets as well as regulate the trading of subsidized goods according to the highest quality standards that reflect the keenness on meeting the needs of citizen and improving anything that serves their needs, while eliminating the illicit trade of such goods.
The publication included detailed information on the law in order to educate the target groups of beneficiaries and distributors about their rights and duties. The information included the definition of subsidized goods, the conditions and requirements of a license to deal in subsidized goods, the obligations of the holder of such a license, the obligations of the beneficiary, punitive measures towards violators of the law, and how to issue smart subsidy cards.
The law defines subsidized goods as food supply and fodder that are subsidized by the state. It also explained the concept of dealing in subsidized goods as well as the sale, storage, packaging, transporting and subsidized goods. The goods include rice, sugar, evaporated milk, oil, and fodder.
In addition, the law clarified how subsidized goods are specified, explaining that the cabinet issues a decision to specify such goods, their maximum price, and beneficiaries of the subsidy. The minister of economy and commerce shall specify the regulations of licensing the sale of these goods, while the Ministry of Economy and Commerce specifies, in coordination with relevant entities, the specification of subsidized goods, their packaging methods, storage, transportation, distribution, sale and the maximum quantities sold in a specific period whether wholesale or retail. 
Those authorized to deal in subsidized goods must be Qatari nationals and no less than 18 years of age with good reputation, never been sentenced for a dishonorable offense, and never declared their bankruptcy through a final verdict, unless they have been rehabilitated. They also must be registered in the commercial register. 
As for the conditions of obtaining a license to deal in subsidized goods for a legal person, the law stipulated that it must be a Qatari company wholly owned by Qataris. the company's manager should be of a good reputation who wasn't sentenced in a dishonorable offense unless rehabilitated. 
The law stipulated the requirements of licensing for dealing in subsidized goods that are submitted to the Ministry of Economy and Commerce along with supporting documents. Upon payment of the fee, the Ministry of Economy and Commerce shall issue a one-year license. The license may be renewed for a similar period or more. 
The law specified the rules that a license holder must comply with. Holders of permits to deal in subsidized commodities are prohibited from selling them or putting them for sale at a price that exceeds the maximum one; selling them at less weight than that specified by the relevant department; replacing them with commodities of less quality; mixing them or changing their composition and possessing them in that condition; refusing to sell them or selling them at different quantities from the specified limits; hiding them or shutting the store for the purpose of not selling them; imposing a threshold on the purchase of subsidized goods, associating their sale to that of another good, or conditioning their sale to an illegal requirement; selling or storing them outside the licensed place; selling them to non-beneficiary segments unless licensed to do so; and exporting them abroad. 
In addition, holders of such permits and those working for them are prohibited from possessing subsidized goods or dealing in them in any manner that contradicts provisions of the law. They also are prohibited from registering any incorrect data in registries and receipts of subsidized goods. They must keep the invoices or other documents that prove the purchase or sale of such goods, and produce copies to the competent department upon request. 
On the other hand, the law specified the terms and conditions that must be followed by subsidy beneficiaries. After the purchase of subsidized goods from the permit holder, beneficiaries are prohibited from re-selling them, putting them up for sale, swapping them, or dealing in them in any manner that violates provisions of the law. 
In turn, the Ministry of Economy and Commerce stressed the need for license holders to comply with the terms and conditions stipulated in Law No. 5 of 2017 on the regulation of dealing in subsidized goods, with inspections set to take place to detect violations. 
The law grants judicial control officers the right to enter shops, warehouses and all non-residential places at any time to inspect and view the records, books and documents that are necessary to carry out their duties and to take copies of them. 

Source: QNA

almaghribtoday
almaghribtoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

economy ministry highlights law on regulation of dealing in subsidized goods economy ministry highlights law on regulation of dealing in subsidized goods

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

economy ministry highlights law on regulation of dealing in subsidized goods economy ministry highlights law on regulation of dealing in subsidized goods

 



Almaghrib Today, almaghrib today Skincare PR Performance Full Year 2017

GMT 09:22 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Almaghrib Today, almaghrib today New hunt for flight MH370 gets under way

GMT 11:03 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Almaghrib Today, almaghrib today Modern colorful bedroom renovation

GMT 10:57 2017 Thursday ,21 December

Modern colorful bedroom renovation
Almaghrib Today, almaghrib today Puigdemont candidate for Catalan president

GMT 13:56 2018 Tuesday ,23 January

Puigdemont candidate for Catalan president
Almaghrib Today, almaghrib today Turkey detains dozens more

GMT 10:47 2018 Wednesday ,24 January

Turkey detains dozens more
Almaghrib Today, almaghrib today The Rake announces editorial updates

GMT 10:46 2018 Tuesday ,16 January

The Rake announces editorial updates
Almaghrib Today, almaghrib today Europe brings on charm and blue skies

GMT 11:51 2018 Tuesday ,23 January

Europe brings on charm and blue skies
Almaghrib Today, almaghrib today For the Variety of Interior Design Styles

GMT 10:46 2017 Tuesday ,19 December

For the Variety of Interior Design Styles
Almaghrib Today, almaghrib today US Christian tourists see deep meaning

GMT 13:44 2018 Monday ,22 January

US Christian tourists see deep meaning
Almaghrib Today, almaghrib today Amazon to open first cashierless shop

GMT 10:03 2018 Tuesday ,23 January

Amazon to open first cashierless shop

GMT 10:51 2018 Wednesday ,24 January

Microsoft to open 4 data centres

GMT 10:38 2018 Wednesday ,24 January

Sanofi buys US haemophilia treatment firm

GMT 00:09 2017 Wednesday ,01 February

MP Badrawi says Egypt's economic situation is difficult

GMT 10:48 2016 Tuesday ,12 April

Artist Christo in divine stunt on Italy lake

GMT 03:22 2011 Wednesday ,07 September

Tata AutoComp drops IPO as market eases

GMT 13:51 2016 Monday ,30 May

348m-long cruise ship anchors

GMT 19:37 2011 Thursday ,01 September

NZ still Rugby W. Cup favourites

GMT 08:28 2017 Wednesday ,05 April

Israel denying human rights workers access to Gaza

GMT 03:52 2013 Friday ,20 September

Obama tests Iran

GMT 06:40 2013 Thursday ,17 January

Sudan: Opening the doors for al-Qaeda

GMT 09:28 2016 Saturday ,17 December

Egypt church bombing raises calls to uproot bigotry

GMT 13:08 2016 Saturday ,10 December

Feathered dinosaur tail found encased

GMT 10:04 2017 Friday ,28 April

Bangladeshi girl with three legs 'walks, runs'

GMT 17:29 2015 Thursday ,01 January

Patrick Patton’s first book 'Christian Juggalo'

GMT 08:50 2013 Monday ,03 June

Blackout curtains uses

GMT 10:00 2014 Sunday ,28 September

Children overprescribed antibiotics

GMT 05:36 2012 Monday ,13 August

Who is trying to set Egypt ablaze?

GMT 07:27 2012 Monday ,18 June

Russia: How to deal with Putin

GMT 10:37 2017 Wednesday ,08 March

rain sweeps away and fog rolls in

GMT 04:52 2017 Monday ,06 February

Wailea Beach Resort renovation revealed

GMT 14:34 2017 Thursday ,30 March

IATA: Laptop Cabin Ban Ineffective
Almaghrib Today, almaghrib today
 
 Almaghrib Today Facebook,almaghrib today facebook  Almaghrib Today Twitter,almaghrib today twitter Almaghrib Today Rss,almaghrib today rss  Almaghrib Today Youtube,almaghrib today youtube  Almaghrib Today Youtube,almaghrib today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

.almaghribtoday .almaghribtoday .almaghribtoday .almaghribtoday
almaghribtoday almaghribtoday almaghribtoday
almaghribtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
almaghribtoday, Almaghribtoday, Almaghribtoday