Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsFair Trading Commission to maintain price levels for industrial products
| 23. The Fair Trading Commission established by the Fair Trading Commission Act, No. 1 of 1987 (hereinafter referred to as the Fair Trading Commission) may review the price of any article and hold an inquiry for such purpose, If the Fair Trading Commission determines alter any such inquiry the price of such article is unreasonable and it is necessary to encourage competition by allowing imports of such article, the Fair Trading Commission shall submit a Report to the Minister in charge of the subject of Trade. The report shall also recommend the rate of custom tariff if any, that shall be levied on the importation of such articles. |