Doha [Qatar], March 20: The Ministry of Commerce and Industry (MoCI) has issued a circular requiring all factory owners and commercial establishments, regardless of their activity, to establish electronic integration with the ministry's systems and to record quantities of inventory, sales, and services, as part of efforts to enhance market oversight and strengthen the electronic monitoring framework.
Required procedures include linking systems with the ministry through the transfer of transaction data from Enterprise Resource Planning (ERP) systems or their equivalent, in addition to continuously recording inventory quantities and updating the required data immediately upon any change.
Under the circular, failure to establish electronic integration with the Ministry, manipulation of records or documents whether paper-based or electronic, failure to provide the required documentation, or submission of inaccurate data constitutes a violation under law no (12) of 1972 on compulsory pricing and profit determination and its amendments.
All factory owners and commercial establishments are urged to comply with the provisions of the circular to avoid legal action, with implementation effective from the date of issuance.
Source: Qatar Tribune
