The Indian Competition Authority fines the only national manufacturer of Viscose Staple Fiber for abusing its dominant position by practicing price discrimination without objective justification (Grasim Industries / Association of Man Made Fibre Industry of India)

Grasim Industries fined INR 302 crore for abusing its dominant position in the market for Viscose Staple Fiber (“VSF”) by the CCI* Key points A dominant entity has a special and differential obligation and ought to behave as a responsible corporate citizen. Discriminatory prices for similarly placed customers without any objective justification, opaque discount policy and supplementary conditions for purchase by a dominant entity demonstrate abusive and unilateral actions. Brief facts The CCI received an information that Grasim