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Unreasonable Price Hike In Control Goods Are Not Allowed
In line with our commitment to deliver the best shopping experience to our Lazada customers, we have been working hard to ensure that the SKUs onsite are of the highest standards, and adhere to local laws. Take note that any increase in the prices of controlled goods above the level set by the Ministry of Domestic Trade and Consumer Affairs violates conditions set by the authority. All products will be removed if the price inflation persists.
As stated in the Price Control and Anti-Profiteering Act 2011, the Ministry of Domestic Trade and Consumer Affairs has the power to determine the prices of any goods, and any seller that sells these goods above the prescribed price range commits an offence under the law. Any seller, if convicted, will attract the following penalties:
Any person who commits an offense of taking unreasonably high profit shall be taken into action under Price Control and Anti-Profiteering Act 2011 for profiteering. If convicted, for individuals, such person is liable to a fine not exceeding RM100,000 or to imprisonment for a term not exceeding 3 years or to both for first offence and, for a second or subsequent offence, to a fine not exceeding RM250,000 or imprisonment for a term not exceeding 5 years or to both, whereas for Body corporate, such person is liable to a fine not exceeding RM500,000 for first offence and, for second or subsequent offence, to a fine not exceeding RM1.0 million.
For more details, check out on the buttons below.

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