The Georgian Competition and Consumer Agency has imposed a fine of GEL 600 on LLC “Tamoskin”.

Having examined the matter, the Agency found that the trader had infringed the Law of Georgia on the Protection of Consumer Rights. Pursuant to the resulting decision, LLC “Tamoskin” was instructed to bring its trading policy into conformity with the requirements of the law and to restore the consumer's infringed right within a period of one month.

The trader failed to fulfil the obligations imposed by the Agency within the prescribed period, and the sanction provided for by law was applied accordingly.

In determining the amount of the fine, the Agency had regard to the trader's annual turnover for the preceding financial year, on the basis of which the calculated fine amounted to GEL 3.

Pursuant to the legislation, the amount of the fine may not exceed 2% of the trader’s annual turnover for the preceding financial year and, in any event, shall not be less than GEL 600. The fine imposed on LLC “Tamoskin” was accordingly set at GEL 600. The imposition of the fine does not release LLC “Tamoskin” from the obligations laid down in the Agency’s decision.