https://www.taxtmi.com/news?id=12567 The regulator found that the association issued circulars directing sale at MRP and prohibiting discounts, constituting anti-competitive practices that restrained trade and harmed consumers; the Director General's investigation supported findings that the association and its committees concertedly fixed sale prices and limited supply. The association, its office bearers and executive committee members were directed to cease these practices, to file a compliance undertaking within 30 days, and were subjected to penalties calculated as percentages of their respective turnover/income/receipts, with the penalty to be deposited within the prescribed period. en-us Fri, 14 Mar 2014 11:38:56 +0530 Fri, 14 Mar 2014 15:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=12567 The regulator found that the association issued circulars directing sale at MRP and prohibiting discounts, constituting anti-competitive practices that restrained trade and harmed consumers; the Director General's investigation supported findings that the association and its committees concertedly fixed sale prices and limited supply. The association, its office bearers and executive committee members were directed to cease these practices, to file a compliance undertaking within 30 days, and were subjected to penalties calculated as percentages of their respective turnover/income/receipts, with the penalty to be deposited within the prescribed period. News - Fri, 14 Mar 2014 11:38:56 +0530 https://www.taxtmi.com/news?id=12567