https://www.taxtmi.com/news?id=21882 Cartelisation among EPS suppliers involved price determination, market allocation, coordinated bid responses and manipulation of RFIs/RFQs, causing an appreciable adverse effect on competition and contravening Section 3(3)(a) read with Section 3(1) of the Competition Act. The cartel ran from 2005 to 25 July 2011. Following lesser penalty applications, penalties were computed under Section 27(b) and for individuals under Section 48, with NSK/RNSS granted 100% reduction and JTEKT/JSAI granted 50% reduction. en-us Wed, 14 Aug 2019 13:15:58 +0530 Wed, 14 Aug 2019 13:15:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21882 Cartelisation among EPS suppliers involved price determination, market allocation, coordinated bid responses and manipulation of RFIs/RFQs, causing an appreciable adverse effect on competition and contravening Section 3(3)(a) read with Section 3(1) of the Competition Act. The cartel ran from 2005 to 25 July 2011. Following lesser penalty applications, penalties were computed under Section 27(b) and for individuals under Section 48, with NSK/RNSS granted 100% reduction and JTEKT/JSAI granted 50% reduction. News - Wed, 14 Aug 2019 13:15:58 +0530 https://www.taxtmi.com/news?id=21882