Fine up to 25 million VND if selling goods at incorrect prices

(Baonghean.vn) - A fine of 20,000,000 VND to 25,000,000 VND shall be imposed for the act of selling goods or providing services at prices not in accordance with the prices prescribed by the Provincial People's Committee.

Selling goods at prices other than the prescribed price will be fined from 20 to 25 million VND. Illustrative photo.

That is one of the contents approved by the Prime Minister in Decree No. 49/2016/ND-CP dated May 27, 2016 of the Government amending and supplementing a number of articles of Decree No. 109/2013/ND-CP dated September 24, 2013 regulating administrative sanctions in the field of price, fee, charge and invoice management, effective from August 1, 2016.

Also according to the provisions of Decree 49, the act of collecting fees and charges at levels not in accordance with the law may be subject to a fine of up to 50 million VND. For this violation, the additional penalty will be: Revoking the right to use the license or suspending activities related to the violation. The period of revoking the right to use the license or suspending activities is from 03 months to 06 months from the date the Decision on sanction takes effect; at the same time, "Forcing the refund of all fees and charges due to illegal implementation of fees and charges to the fee payer. In case the fee payer cannot be identified to make the refund, the entire amount will be paid to the state budget".

Acts of losing, giving away, selling fee and charge collection documents, and administrative violations in the field of invoice management are also subject to severe penalties.

Nguyen Nguyen