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Retailers (Multiple Outlets) and Large Departmental Retailers are exempted from stock holding limits under the Essential Commodities Act, 1955

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The Central Government has issued an order dated September 28, 2015 by way of an amendment to the Removal of (Licensing Requirements, Stock Limits and Movement Restrictions) on Specified Foodstuffs Order, 2002, enabling States to impose stock limits on pulses, edible oils and oil seeds for a period of one year, from October 1, 2015 to September 30, 2016.

We are pleased to inform you that Retailers (Multiple Outlets) and Large Departmental Retailers are exempted from stock holding limits under the Essential Commodities Act, 1955 under this new order.

RAI appreciates the proactive attitude of the Government and is thankful for considering RAI’s submission in this regard. We believe that steps like these will go a long way in the Government’s goal of enhancing ease of doing business in the country.

To view the detailed order, click here

 

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Retailers Association of India (RAI)
111/112, Ascot Centre, Near Hotel ITC Maratha, Sahar Road, Sahar,
Andheri (E), Mumbai - 400099.
Tel : +91 22 28269527 - 29
Fax : +91 22 28269536,
Email: info@rai.net.in
CIN: U91990MH2005GAP151959

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Retailers Association of India (RAI) is the unified voice of retailers in India. A not for profit organization, RAI works with all  stakeholders for creating the right environment for the growth of modern retail industry in India.  Read More.

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