Uzbekistan eyes to seize revenues from selling goods at monopolistically high prices
Tashkent, Uzbekistan, Jan. 2
By Diana Aliyeva– Trend:
It is planned to seize revenues obtained from selling goods at monopolistically high prices in Uzbekistan, according to the norma.uz legal portal.
A new version of the “Regulations on the procedure for determining monopolistically high and monopolistically low prices” is posted on the portal. The document specifies that monopolistically high or monopolistically low commodity prices will be tracked down by the State Committee on Competition of Uzbekistan and its territorial bodies.
The project identified signs of monopolistically high or monopolistically low commodity prices. For example, changes in prices for goods, not explainable by economic and technological factors, not less than by 10 percent, compared with the corresponding rates of price changes on the comparable commodity market by 10 percent, reduction in physical characteristics (unit weight, quality) of goods can be considered signs of monopolistically high or monopolistically low commodity prices.
The establishment of prices for goods, which is significantly different from the price of the same goods of other sellers, unreasonable change in prices, production costs, profit and profitability of goods with a significant excess of the rate of change of these indicators at other market participants are also among them.
The project provides for a number of exceptions as well.
If the audit of the State Committee on Competition of Uzbekistan reveals signs of monopolistically high or low prices, measures will be taken within the framework of the Regulations on the Procedure for the Initiation and Examination of Cases of Violations of Law on Competition, Natural Monopolies, Protection of Consumer Rights and Advertising.