The Department of Trade and Consumer Rights Protection of the East Kazakhstan Region continues its work to stabilize prices for socially significant food products (SSFP).

During the analysis of electronic invoices (E-invoices) within the activities of the Regional Commission, a scheme of artificial price inflation was identified.

It was established that one of the region's individual entrepreneurs created an artificial intermediary link. The entrepreneur purchased goods (buckwheat, sugar, salt) and resold them to a limited liability partnership (LLP) controlled by him.
As a result of such "reselling to oneself," the final cost of socially significant goods for the population increased unjustifiably. In particular, a trade markup of 127% was set on buckwheat; with a purchase price of 241 tenge, the product was sold for 550 tenge. For sugar, the trade markup reached 45%, and for table salt, 41%.

It should be recalled that, according to the legislation of the Republic of Kazakhstan, the maximum trade markup on socially significant goods should not exceed 15%.

Administrative proceedings have been initiated against the violator under Article 204-4 of the Code of Administrative Offences of the Republic of Kazakhstan. A fine has been imposed.

The main result of the work is that the unproductive intermediary has been completely removed from the supply chain, which will ensure more fair pricing.

The work to identify such schemes continues and is under the constant supervision of the Department. Since the beginning of the year, the Department has analyzed electronic invoices from more than 70 trade facilities in the region and removed over ten unproductive intermediaries from the supply chain.

Source : https://www.gov.kz/memleket/entities/mti/press/news/details/1202120?lang=kk