https://www.taxtmi.com/news?id=15189 The Commission found airlines engaged in concerted action by fixing and revising fuel surcharge rates for air cargo, constituting contravention of section 3(1) read with section 3(3)(a) of the Competition Act. It issued a cease and desist direction and imposed monetary penalties on three carriers, while declining penalties for two others for lack of parallel conduct or absence of control over third party vendors; penalties were calibrated with reference to average turnover. en-us Wed, 18 Nov 2015 09:25:43 +0530 Wed, 18 Nov 2015 09:25:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15189 The Commission found airlines engaged in concerted action by fixing and revising fuel surcharge rates for air cargo, constituting contravention of section 3(1) read with section 3(3)(a) of the Competition Act. It issued a cease and desist direction and imposed monetary penalties on three carriers, while declining penalties for two others for lack of parallel conduct or absence of control over third party vendors; penalties were calibrated with reference to average turnover. News - Wed, 18 Nov 2015 09:25:43 +0530 https://www.taxtmi.com/news?id=15189