KATHMANDU, Oct 1: The Department of Commerce, Supplies and Consumer Protection (DoCSCP) has fined Salt Trading Corporation (STC) Rs 300,000 for market misconduct.
According to the DoCSCP, it took action against the state-owned enterprise for violating the Consumer Protection Act 2018. The STC failed to provide details of its sugar stock during a market inspection conducted by the regulator.
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The DoCSCP expressed serious concern over the public enterprise's failure to maintain transparency in its stock records, particularly amid complaints of artificial shortages and rising sugar prices in the market. A few weeks ago, the price of the essential commodity rose to as much as Rs 170 per kg.
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