Penalty to Stockists Increased with New Law Proposal

In this period when the price of almost every product, especially due to exchange rate increases, stockingIt is a method used by many traders. There is a set penalty for those who use this illegal method, but this penalty is increased.

Recently, a bill has been presented in the parliament to increase the punishment given to hoarders. The new range of fines ranging from 50 thousand TL to 500 thousand TL in the proposal. 100 thousand – 2 million TL was asked to be.

The upper limit has been increased by 4 times:

Even if they are not aware of the term hoarding, everyone sees the results of this trade trick over and over in daily life. To put it simply, stocking is the goods that the selling businesses will sell. hoarding before price increases a method in which he sells at a high profit after prices have risen. The rapid increase in the dollar also encourages those who do not hesitate to use this method.

The proposal submitted to the Presidency of the Assembly today was submitted with the request of amending the ‘Law on the Regulation of Retail Trade’. In this law, the lower limit of the penalty given to stockists is 50 thousand TL and the upper limit is 500 thousand TL. In the proposal, the lower limit was determined as 100 thousand TL and the upper limit as 2 million TL. The decision made, Entering into force on 1 January 2022 was in the direction. In addition, those who have a finalized conviction within the scope of the Anti-Smuggling Law No. 5607 are within the scope of the LPG Market Law No. 5307. licenses were also prevented by a new decision.