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Apple 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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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.
·New Delhi, India
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Apple CCI case: Apple tells Delhi HC CCI's global turnover penalty rule risks $38-bn fine
Apple CCI case: Apple has challenged CCI's amended law allowing penalties on global turnover, arguing the rule is arbitrary, disproportionate and contrary to the Excel Crop ruling, and could expose it to $38-bn fine
·India
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Total News Sources23
Leaning Left3Leaning Right3Center7Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 23%
C 54%
R 23%
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