Tech
Delhi HC Questions Global Turnover Penalty Rule
[ad_1]
During the hearing, Apple argued that penalties must be linked only to the revenue from the product under investigation, and cited a 2017 SC ruling that took the same view
However, CCI said that the provision is needed to ensure that foreign companies with little or no India revenue can still be penalised if they engage in anti-competitive conduct
Apple is challenging Section 27(b) of the Competition Act, which allows CCI to impose fines of up to 10% of a company’s average global…
[ad_2]
Source link
