CCI Order Against Indian Jute Mills Association (IJMA) and Gunny Trade Association (GTA) for Contravening Competition Law

The Competition Commission of India(CCI)has imposed a penalty of Rs. 7.68 Lakhs and Rs. 35.16 Thousands(@5% of the average of the turnover for the last 3 financial years)on Indian Jute Mills Association (IJMA) and Gunny Trade Association (GTA) respectively for contravening the provisions of section 3 of the Competition Act, 2002 ('the Act').