1. Definition of Cheap Sale Price
Means the price of the goods which, in the course of trade or business, is indicated in any manner to be less than the price at which the goods or goods of the same description were previously supplied or offered to be supplied;
Any expression or indication whether direct or indirect, including the expression "sale", "discount", "reduction", "best buy", "best price", "special price" or "price crush" and by whatever means used or given in the course of trade or business, indicating or likely to be understood as indicating that the price at which the goods are offered is less than the price at which the goods or goods of the same description were previously supplied or offered to be supplied shall be treated as an indication that the person using the expression or giving such indication is supplying or offering to supply goods at cheap sale price.
2. Number of cheap sales allowed in a year
The total number of sales at cheap sale price allowed shall not exceed 4 times in any calendar year of which:
(a) 3 times shall be determined by the Controller; and
(b) remaining quota at the choice of the applicant.
3. Gazetted Sales of 2018
Early Year Sale : 1 February – 15 March
Mega Sale : 15 May – 31 July
Year End Sale : 1 November 2018 – 31 December 2018
4. Conditions of Cheap Sales
5. Procedures of Cheap Sale Application
6. Exemption of Cheap Sales
These Regulations shall not apply to any person who, in the course of trade or business -
(a) reduces the price of goods where such reduction of price does not in any way indicate any comparison with any other prices;
(b) reduces the price of goods where the indication or expression relating to such reduction in price is made in compliance with any specific condition relating to the purchase of such goods;
(c) reduces the price of goods where the indication or expression relating to such reduction in price is made orally within the premises where the sale is made; or (d) reduces the price of goods where the indication or expression in relating to such reduction in price is made on perishable goods and service businesses.
An additional number of Trader’s Cheap Sale quota has been added for this year, totalling to two (2) times for 2018.
2018 NJM Ouota is open for application now. Kindly click here for further details.
Kindly be informed that system has been enhanced. Please login with existing ID and Password.