Tech
ETtech Explainer: Why Apple is fighting India’s heavy-fine rule
[ad_1]
iPhone maker Apple has approached the Delhi High Court to contest recent changes to India’s competition law, which let the Competition Commission of India (CCI) calculate fines using a company’s global turnover.
This is the first challenge to the new rule, which previously allowed penalties only on India-based turnover.
What Apple is disputing
Under the amended Competition Act, the CCI can impose fines of up to 10% of a company’s “global turnover derived from all the products and services” retrospectively. Earlier, penalties were limited to…
[ad_2]
Source link
Continue Reading