(1) The State Government may, by order notified in the Official Gazette, fix in respect of any scheduled article the maximum price or rate which may be charged by a dealer or the minimum price which is to be paid by a purchaser.
(2) Any order made under sub-section (1) may fix the maximum prices or rates or the minimum price to be paid by the purchaser for the same description of scheduled articles differently in different localities or for different classes of dealers.
Offence of 4. Any dealer who profiteers in any scheduled article shall be punishable with rigorous imprisonment which may extend to two years or with fine or with both, and any scheduled article in respect of which the offence has been committed or such part thereof as to the court may seem fit shall be forfeited to the Government.
profiteer- Ofience of refusalto sell and purohasing at priceless than the minimum.