HP Govt. fixed the maximum margin of profit on certain commodities

Aug 27, 2023 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe Food Civil Supplies and Consumer Affairs, Himachal Pradesh on June 30, 2023, issued a notification to fix the maximum margin of profit on certain commodities.

The following has been stated namely: -

• The list of commodities has been stated which dealers in Hamirpur District can charge on wholesale and retail sale transactions.

• Some of the elements of expenditure, incurred/actually paid by a dealer to be taken into account for computing the landed cost of the commodities are: -

1. Purchase Price

2. Freight

3. Central/local taxes/GST

4. Interest on Capital @1%

5. Market Fee

• The Dealer engaged in wholesale as well as retail sale business shall charge only one margin of profit on the transaction.

This shall come into force on June 30, 2023.

 

[Notification No. Hamirpur177001No.FDS-(H&PPO)1977-2020]


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