https://www.taxtmi.com/news?id=13497 The Commission found that the trade association unlawfully controlled pharmaceutical supply by requiring NOC/LOC for appointment of stockists and coercing local stockists to stop dealing with unauthorised distributors, thereby continuing to contravene an earlier Commission order. After a Director General investigation taken suo-moto, the Commission treated this as persistent non compliance and imposed a monetary penalty calculated on the association's average receipts, with a deadline for payment. en-us Mon, 27 Oct 2014 18:42:18 +0530 Mon, 27 Oct 2014 18:42:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13497 The Commission found that the trade association unlawfully controlled pharmaceutical supply by requiring NOC/LOC for appointment of stockists and coercing local stockists to stop dealing with unauthorised distributors, thereby continuing to contravene an earlier Commission order. After a Director General investigation taken suo-moto, the Commission treated this as persistent non compliance and imposed a monetary penalty calculated on the association's average receipts, with a deadline for payment. News - Mon, 27 Oct 2014 18:42:18 +0530 https://www.taxtmi.com/news?id=13497