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CCI imposes Rs 38.05 crore penalty on sugar mills for rigging bids in tender

Updated : September 18, 2018 07:26 PM IST

While imposing penalties, the commission applied the principle of relevant turnover and based the penalties on the revenue generated by the sugar mills from sale of ethanol only.
The penalty was imposed by the commission at 7 percent of the average relevant turnover of the sugar mills.
CCI imposes Rs 38.05 crore penalty on sugar mills for rigging bids in tender

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