Inspectorate to control proper pricing of goods | THE DAILY HERALD

PHILIPSBURG–The Ministry of Tourism, Economic Affairs, Transportation and Telecommunications (TEATT) Inspectorate says anyone who is acting as a retailer and offers goods for sale to the public is obliged to provide these products with clear and legible pricing. More than ten months after the passing of Hurricanes Irma and Maria, the TEATT Inspectorate will be stepping up controls of businesses to make sure that they are in compliance with the laws of St. Maarten.

The price indication must be set in Netherlands Antillean guilders (NAf.) for which the guilder sign must be used. Once the retailer has met all conditions he or she is free to mention the price in a different currency, such as US dollars, provided that the foreign currency is clearly stated.

This is in accordance with Article Two of the ministerial regulation published in 1979, which is based on Article Two of the Prices Ordinance of 1961.

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Violation of Articles Two or Three of the Pricing Ordinance shall be deemed a criminal offence if it is intentional, and shall be punished by imprisonment of not more than four years or a fine of not more than NAf. 10,000, according to the Inspectorate.

In the case of a stack or group of similar items being offered for sale, a price indication indicating the price of the item will suffice, the Inspectorate stated.

  The Inspectorate TEATT will soon start publishing price-comparison lists of certain goods that are sold by various grocery stores and supermarkets, three times per month.

  These product-price comparison lists are to assist consumers by comparing the prices of particular products amongst different retailers, allowing them to make a more informed choice about where they will purchase the particular product, the Inspectorate stated.

Source: The Daily Herald https://www.thedailyherald.sx/islands/78489-inspectorate-to-control-proper-pricing-of-goods

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