Competition Commission’s penalty amounting to Rs. The ₹1,337.68 crore imposed on Google is “provisional” as the regulator has asked the internet major to submit requisite financial details as the data was not presented in a reliable manner.
Sentinel punished on Thursday Google in relation to abusing its dominant position in many markets android mobile Appliances and also ordered the company to stop and stop various unfair business practices.
Fine of Rs. 10 per cent of Google’s average of relevant turnover for the last three financial years 2018-19, 2019-2020 and 2020-21 is Rs 1,337.76 crore.
according to Competition Commission of India (CCI)Google has made significant revisions to the financial data submitted on October 11, 2022 with respect to December 17, 2021.
However, this data is still subject to a number of warnings, disclaimers, assumptions, exclusions, according to the regulator’s order passed on Thursday.
“The Commission takes seriously such apparent discrepancies and wide disclaimers in the submission of various data points by Google. The Commission is obliged to observe that, despite commanding enormous resources, Google is not able to provide data in the manner demanded by the Commission. has failed to grant sufficient time, as it had sought,” the CCI said in the order made public on Friday.
In a statement on Friday, Google said it would review the CCI’s order and termed it a “big blow” to Indian consumers and businesses.
As per the order, the sum of revenues of various segments/heads for FY 2021-21 exceeds the total business of Google for the said financial year.
“Thus, taking a conservative approach at this stage, the Commission has decided to take the lower revenue data as submitted by Google on 11.10.2022 as relevant turnover for computing the quantum of penalty ,” it noted.
In the 293-page order, the regulator said that the aforesaid penalty amount is “provisional and subject to revision by the Commission on submission of requisite financial statements and supporting documents as per the order dated 19.09.2022”.
The Internet chief has been asked to take necessary action within 30 days from the date of receipt of the latest order.
“It is further clarified that the basis for determination of penalty i.e. relevant turnover as well as the appropriate percentage thereof has already been decided by this order.
“However, the actual quantum of the penalty may be modified based on the revenue data to be submitted by Google and only to that extent, the current penalty is provisional,” it said.
“This clearly shows that the data has not been presented by Google in a credible manner. In this regard, it is observed that the Commission has given a clear direction to Google that the data should be backed by a Certificate of Chartered Accountants. However, Google has not provided this and has instead provided certificates of its own authorities,” the regulator said.
Contrary to Google’s claims, the CCI stated that it has not found any mitigating factor in the present case that would warrant a reduction in the calculation of penalties, but rather aggravating factors such as the conduct on the part of Google continues to minimize . 2011.