CCI imposes penalties upon Sugar Mills and their Associations for rigging the bids in respect of Joint Tender floated by Oil Marketing Companies for procurement of Ethanol for blending with Petrol https://www.taxtmi.com/news?id=20530 Collusive submission of similar or identical bids by sugar mills, coordinated through ISMA and EMAI, violated Section 3(1) read with Section 3(3)(d) of the Competition Act by lessening competition and manipulating a 2013 joint ethanol procurement tender; CCI issued Cease and Desist relief and imposed penalties calculated on relevant turnover from ethanol sales-sugar mills at 7% of average relevant turnover and trade associations at 10% of average receipts. en-us Tue, 18 Sep 2018 18:37:27 +0530 Tue, 18 Sep 2018 18:37:27 +0530 TaxTMI RSS Generator CCI imposes penalties upon Sugar Mills and their Associations for rigging the bids in respect of Joint Tender floated by Oil Marketing Companies for procurement of Ethanol for blending with Petrol https://www.taxtmi.com/news?id=20530 Collusive submission of similar or identical bids by sugar mills, coordinated through ISMA and EMAI, violated Section 3(1) read with Section 3(3)(d) of the Competition Act by lessening competition and manipulating a 2013 joint ethanol procurement tender; CCI issued Cease and Desist relief and imposed penalties calculated on relevant turnover from ethanol sales-sugar mills at 7% of average relevant turnover and trade associations at 10% of average receipts. News - Tue, 18 Sep 2018 18:37:27 +0530 https://www.taxtmi.com/news?id=20530