US EditionApple contests India's antitrust penalty law with risk of $38 billion fine, filing shows
Apple seeks to block India’s penalty rule allowing fines based on global revenue, citing a potential $38 billion sanction amid an ongoing antitrust probe.
- Apple is challenging India's antitrust penalty law, potentially subjecting it to fines of up to $38 billion, according to a court filing at the Delhi High Court, seen by Reuters.
- The CCI's new penalty calculation method allows the consideration of global turnover, which would significantly increase potential fines on companies like Apple.
- Apple claims that the penalty based on global turnover would be "manifestly arbitrary, unconstitutional, grossly disproportionate, and unjust," as stated in its court filing.
- Gautam Shahi noted that it will be challenging for Apple to convince the court to change the legislative policy regarding the CCI's consideration of global turnover.
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51 Articles
In India, a legal battle is being waged between Apple and the competition regulator – also known as the antitrust authority – with a potential and fierce fine of $38 billion. The "apple firm" contests the "arbitrary and disproportionate" nature of this amount for an offence that it allegedly committed only in the Indian market. To defend its position, the American giant has filed a 545-page petition before the Delhi High Court. The amount of the…
American company Apple's troubles in India may increase. Apple has approached the court against a new anti-competition law. This matter relates to the App Store, and the company is accused of abusing its power.
Apple contests India’s antitrust penalty law with risk of $38 billion fine, filing shows
Apple argued India should only impose a penalty based on the Indian revenue of the specific unit which violates antitrust law, giving an example of a toy seller running a stationery business.
Apple Challenges Antitrust Penalty Law In India, Risks $38 Billion Fine
The challenge is the first against India's antitrust penalty law that since last year allows the Competition Commission of India (CCI) to use global turnover when calculating the penalties it imposes on companies for abusing their market dominance.
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