HC TO HEAR APPLE PLEA CONTESTING PROVISION THAT PENALISES GLOBAL TURNOVER

The Delhi High Court will on Wednesday hear a petition filed by US-based technology giant Apple challenging the law that empowers the Competition Commission of India (CCI) to impose penalties of up to 10% of a company’s global turnover.

- Shruti Kakkar

The law, Section 27(b) of the Competition Act, as amended in 2023, along with the Competition Commission of India (Determination of Monetary Penalty) Guidelines, 2024, empowers the CCI to impose penalties on enterprises engaged in anti-competitive agreements or abuse of dominance.

The penalty may extend to up to 10% of the average turnover or income of the preceding three financial years.