18.
| (l) Where the Minister is of opinion that any goods or any service is essential to the life of the community or part thereof, the Minister in consultation with the Authority may by Order published in the Gazelle prescribe such goods or such service as specified goods or specified service as the case may be. |
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| (2) No manufacturer or trader shall increase the retail or wholesale price of any goods or any service specified under subsection (1), except with the prior written approval of the Authority. |
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| (3) A manufacturer or trader who seeks to obtain the approval of the Authority under subsection (2), shall make an application in that behalf to the Authority, and the Authority shall, after holding such inquiry as it may consider appropriate :
| | (a) approve such increase where it is satisfied that the increase is reasonable ; or | | |
| | (b) approve any other increase as the Authority may consider reasonable, | | |
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| (4) Where the Authority fails to give a decision within thirty days of the receipt of an application as required under subsection (3), the manufacturer or trader who made the application shall be entitled to, notwithstanding the provisions of subsection (1), increase the price : |
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Sri Lanka Consolidated Acts