CCI imposes penalties upon Sugar Mills and their Associations for collusive bidding for supply of ethanol

Competition Act: Where bidders who participated in respect of depots located in UP/Gujarat/Andhra Pradesh in response to joint tender floated by Oil Marketing Companies for supply of ethanol had colluded in submitting bids by quoting collusive price and sharing quantities using platform of Indian Sugar Mill Association i.e., ISMA, and acted on signals provided by Ethanol Manufactures Association i.e., EMAI, there was contravention of provisions of section 3 by bidders, ISMA and EMAI and penalty

from www.taxmann.com Latest Case Laws https://ift.tt/2NLnR3h