economy ministry highlights law on regulation of dealing in subsidized goods
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Economy Ministry Highlights Law on Regulation of Dealing in Subsidized Goods

Arab Today, arab today

Arab Today, arab 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

arabstoday
arabstoday

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

 



GMT 18:44 2017 Sunday ,19 February

Togolese president meet Sisi

GMT 18:57 2013 Wednesday ,03 April

Can a new great Middle Eastern union be the solution?

GMT 21:51 2016 Sunday ,27 November

UK Economy Grows by 0.5%

GMT 09:43 2017 Wednesday ,19 April

UAE condemns recent terrorist plot in Bahrain

GMT 03:12 2017 Thursday ,05 January

Oman Crude Oil Financial contract closes at US$55.05

GMT 11:30 2017 Tuesday ,28 November

Pope meets Myanmar's leader Aung San Suu Kyi

GMT 20:29 2018 Tuesday ,16 October

Seven killed in Morocco train derailment

GMT 07:10 2014 Wednesday ,01 October

January 19 - February 17

GMT 10:57 2017 Tuesday ,19 December

Marie Moatti leaves Hermès

GMT 06:19 2016 Friday ,01 July

October 23 - November 21

GMT 17:16 2017 Tuesday ,12 December

German pilots’ union calls strike against Ryanair

GMT 07:01 2016 Friday ,06 May

Ronaldinho eyes return in second half of year

GMT 18:37 2017 Friday ,20 January

Gambia’s Jammeh faces noon deadline to quit

GMT 06:22 2017 Wednesday ,08 March

Governor promises to support women breadwinner

GMT 14:32 2017 Monday ,06 March

Australia quicks need to bowl straighter

GMT 14:39 2017 Thursday ,15 June

UK earnings shrink at fastest pace since 2014

GMT 07:20 2017 Friday ,06 October

RAKEZ visits UK to explore future of manufacturing

GMT 04:57 2017 Monday ,08 May

Iran: $55 oil price suitable

GMT 18:36 2017 Thursday ,19 October

The Fragrance Shop appoints Sparkle PR
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday