COMPETITION COMMISSION OF INDIA PUBLISHES THE DRAFT DETERMINATION OF TURNOVER OR INCOME REGULATIONS

Published On: 02/01/2024

Practice Area: Competition Law

Authors:

As we enter the New Year, the Competition Commission of India, on December 22, 2023, published the draft Competition Commission of India (Determination of Turnover or Income) Regulations, 2023, inviting public comments till January 12, 2024. Notably, the Competition (Amendment) Act, 2023 introduced important changes in relation to penalty, such as publication of penalty guidelines, imposition of penalty based on global turnover, etc. As such, the draft Competition Commission of India (Determination of Turnover or Income) Regulations, 2023 are a welcome development as it provides much-needed clarification regarding the components of turnover/ income and is an important pre-cursor to the penalty guidelines. INDUSLAW's Avimukt Dar Unnati Agrawal, Swapnil S, Hrishav Kumar, Parth Mishra analyse the the draft CCI (Determination of Turnover or Income) Regulations, 2023.