https://www.taxtmi.com/news?id=20964 A bilateral ancillary cartel was found between Panasonic and Godrej in the institutional zinc carbon dry cell battery market where price coordination and market price parity were maintained in alignment with a primary cartel, constituting contravention of Section 3(1) read with Section 3(3)(a). The collusion ran from 13 January 2012 to 30 November 2014. Penalties were imposed on both firms and on responsible officials; Panasonic and its officials received 100 percent reduction under the lesser penalty/leniency framework following disclosure under Section 46 and the Lesser Penalty Regulations. en-us Thu, 17 Jan 2019 18:08:42 +0530 Thu, 17 Jan 2019 18:08:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20964 A bilateral ancillary cartel was found between Panasonic and Godrej in the institutional zinc carbon dry cell battery market where price coordination and market price parity were maintained in alignment with a primary cartel, constituting contravention of Section 3(1) read with Section 3(3)(a). The collusion ran from 13 January 2012 to 30 November 2014. Penalties were imposed on both firms and on responsible officials; Panasonic and its officials received 100 percent reduction under the lesser penalty/leniency framework following disclosure under Section 46 and the Lesser Penalty Regulations. News - Thu, 17 Jan 2019 18:08:42 +0530 https://www.taxtmi.com/news?id=20964