Legitimate move has been made against 84 brokers while 290 have been cautioned by the Fijian Contest and Purchaser Commission for resistance during the ongoing monetary year.
Numerous individuals have expressed grave concerns regarding the continued rise in product prices and inquired about the government’s and relevant agencies’ responses to this issue.
When questioned by fijivillage News, the FCCC stated that their enforcement teams conduct routine inspections throughout the country to ensure that businesses comply, including ensuring that the reductions in VAT and duty are properly reflected.
According to the FCCC, 14,383 inspections were carried out across the country for the fiscal years 2022 and 2023 to date, and 97.3 percent of compliance was observed.
It expresses explicitly on Tank and obligation decreases, 31 brokers are being scrutinized for rebelliousness at different stages, going from demand for data to outfit important data and then some.
These are being dealt with in accordance with legal procedures and constraints.
The majority of businesses, according to the commission, have adhered to the VAT and duty reductions.
It also states that although prices have gone up for some products, this is not because of noncompliance; rather, it is because traders have had to pay more for things like supplier cost/price, exchange rate, freight costs, and clearance costs.
Overall, the commission emphasizes that global inflation is the primary cause of the inflation we’ve experienced and will continue to experience.
It asserts that global inflation has been rising, not just in Fiji.
They claim to have taken a number of steps to try to reduce inflation’s effects, but it is impossible to completely prevent it.
The FCCC says without these actions, the circumstance would have been far, far more terrible.
It also reaffirms that Fiji is subject to market forces, such as the impact of the Russia-Ukraine conflict and, more recently, the natural disasters in New Zealand that devastated the country’s agricultural industry, because it is a price taker and heavily reliant on imports.
The commission claims that in addition to conducting their own inspections and surveys, they strongly encourage the general public to report any instances of overcharging or other misconduct so that they can conduct an investigation and take appropriate action.
Source – Fijivillage