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Apple has accused the Competition Commission of India of overstepping its judicial authority in a new court filing tied to an ongoing antitrust case.
Apple claims India’s updated 2024 competition law allows fines based on global, not just local, turnover.
KEY POINTS
- Apple says a penalty under the new law could reach $38 billion, calling it grossly disproportionate.
- Apple has asked the Delhi High Court to declare the 2024 competition law illegal.
- The CCI recently issued an ultimatum demanding Apple’s financial information and scheduled a final hearing.
COMPANIES
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