https://www.taxtmi.com/news?id=17683 The Competition Commission found cement firms and their industry association exchanged price and operational data and acted concertedly to fix prices and restrict production and supply, constituting cartelization in breach of the prohibition on anti competitive horizontal agreements. The Commission imposed monetary penalties on the companies and the association, directed deposit within a fixed period, and noted that the parties have challenged the order before the appellate tribunal. en-us Fri, 24 Mar 2017 18:06:15 +0530 Fri, 24 Mar 2017 18:06:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17683 The Competition Commission found cement firms and their industry association exchanged price and operational data and acted concertedly to fix prices and restrict production and supply, constituting cartelization in breach of the prohibition on anti competitive horizontal agreements. The Commission imposed monetary penalties on the companies and the association, directed deposit within a fixed period, and noted that the parties have challenged the order before the appellate tribunal. News - Fri, 24 Mar 2017 18:06:15 +0530 https://www.taxtmi.com/news?id=17683