https://www.taxtmi.com/news?id=19360 The commission found three coal liaising firms formed a hard core cartel by submitting collusive tenders and dividing the market for coal liaising services in response to procurement tenders, thereby eliminating and lessening competition and manipulating the bidding process; accordingly the commission invoked enhanced-penalty provisions for cartel agreements, imposed monetary penalties based on profits during the cartel period and issued a cease and desist directive, and criticised an informant for breaching confidentiality by circulating investigation material. en-us Thu, 11 Jan 2018 18:47:25 +0530 Thu, 11 Jan 2018 18:47:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19360 The commission found three coal liaising firms formed a hard core cartel by submitting collusive tenders and dividing the market for coal liaising services in response to procurement tenders, thereby eliminating and lessening competition and manipulating the bidding process; accordingly the commission invoked enhanced-penalty provisions for cartel agreements, imposed monetary penalties based on profits during the cartel period and issued a cease and desist directive, and criticised an informant for breaching confidentiality by circulating investigation material. News - Thu, 11 Jan 2018 18:47:25 +0530 https://www.taxtmi.com/news?id=19360