https://www.taxtmi.com/news?id=18572 The Commission found that CTOCC and four participating trailer associations used a centrally controlled 'Turn System' to effect unilateral price fixation, creating a presumption of appreciable adverse effect on competition under the horizontal agreement provisions, which was not satisfactorily rebutted, resulting in a contravention of Section 3(3)(a) read with Section 3(1); ten office bearers were held individually responsible under the liability provisions and the associations were directed to cease the anti-competitive conduct, though no monetary penalties were imposed given mitigating factors. en-us Thu, 03 Aug 2017 09:46:37 +0530 Thu, 03 Aug 2017 09:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18572 The Commission found that CTOCC and four participating trailer associations used a centrally controlled 'Turn System' to effect unilateral price fixation, creating a presumption of appreciable adverse effect on competition under the horizontal agreement provisions, which was not satisfactorily rebutted, resulting in a contravention of Section 3(3)(a) read with Section 3(1); ten office bearers were held individually responsible under the liability provisions and the associations were directed to cease the anti-competitive conduct, though no monetary penalties were imposed given mitigating factors. News - Thu, 03 Aug 2017 09:46:37 +0530 https://www.taxtmi.com/news?id=18572