Speaking of watch premium, does this law of Price Control Act means grey and reseller GG?
Offence to sell above fixed price
9.—(1) Any person who sells any price-regulated goods or performs any service at a price which exceeds the maximum price fixed therefor shall be guilty of an offence.
(2) Any person who knowingly purchases or offers to purchase any price-regulated goods or who knowingly pays or offers to pay for a service a charge which exceeds the maximum charge fixed therefor shall be guilty of an offence.
Penalties
16.—(1) Any person, other than a body corporate, but including a director or officer of a body corporate, who commits an offence under this Act shall be liable, where no other penalty is specifically provided for such an offence, to a fine not exceeding $2,000 or to imprisonment for a term not exceeding 2 years or to both, and in the case of a second or subsequent offence to a fine not exceeding $20,000 or to imprisonment for a term not exceeding 5 years or to both.
(2) Any body corporate which commits an offence under this Act shall be liable on conviction to a fine not exceeding $10,000 and in the case of a second or subsequent offence to a fine not exceeding $20,000.
(3) Where a trader or commission agent is convicted of an offence under this Act the court by which he is so convicted may, in addition to any other penalty, make an order debarring him or any firm of which he is a partner or any corporation of which he is an officer, from carrying on business for such period as the court may determine. Any person who fails to comply with any such order shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $20,000 or to imprisonment for a term not exceeding one year or to both.