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A basic principle in marketing is that the Consumer is always right.  The consumer rights in Sri Lanka are protected by the Consumer Affairs Authority and Authority consider that protection of consumer rights is a means of developing responsible civic society. 

 

We uphold internationally accepted basic consumer rights:

 

  1. The right to satisfaction of basic needs – To have access to buy essential goods and services: adequate food, clothing, shelter, education, public utilities, water and sanitation.

 

  1. The right to safety – To be protected against products, products processes and services which are hazardous to health or life.

 

 

  1. The right to be informed – To be given the facts needed to make informed choice, and to be protected against dishonest of mislead advertising and labeling.

 

  1. The right to choose – To be able to select from a range of products and services, offered at competitive prices with an assurance of satisfactory quality.

 

  1. The right to be heard – To have consumer interests represented in the making and execution of government policy, and in the development of products and services.

 

  1. The right to redress – To receive a fair settlement of just claims including compensation for misrepresentation, shoddy goods or unsatisfactory services.

 

  1. The right to consumer education – To acquire knowledge and skills needed to make informed, confident choices about goods and services, while being aware of basic consumer rights and responsibilities and how to act on them.

 

  1. The right to a healthy environment – To live and work in an environment which is non-threatening to the well-being of present and future generations.

 
     Price Regulation


   Any item of goods or services may be “specified” as an essential commodity by the Hon. Minister of Trade, Commerce & Consumer Affairs in consultation with the Consumer Affairs Authority, acting under Section 18 of the Act. Once an item is gazetted no importer, manufacturer or trader can increase the price of such product without the prior written approval of the Authority. A period of 30 days is provided for the Authority to examine the application and convey the decision to the company.

    The Authority examines the cost structure pertaining to an application for a price revision by making reference to supportive documentary evidence furnished by the applicant, and makes recommendations to the Board of the Authority. The objective in examining a price is to ensure that prices are not increased indiscriminately. The prices approved by the Authority for any particular product may vary from brand to brand, which leaves each brand identity undisturbed depending on the special distinguishing features of a brand and the company’s marketing strategies.

   In addition, the Authority is also consulted prior to introducing fiscal measures, like import duty changes, subsidies, rebates, etc. with a view to reducing prices or contain them at current levels, whenever prices are likely to escalate due to supply and demand forces.

    Download or View the cost structure         Here
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Last Modified Date 03/09/2010