Google penalty amount 'provisional,' says CCI

Google penalty amount 'provisional,' says CCI
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Synopsis

According to the CCI, Google has made significant upward revisions in the financial data presented vide its submission dated October 11, 2022, vis-a-vis that of December 17, 2021. However, this data is still subject to multiple caveats, disclaimers, assumptions, exclusions, etc.

Reuters
The Competition Commission's penalty amount of ₹1,337.68 crore imposed on Google is "provisional" as the regulator has asked the internet major to furnish requisite financial details since the data was not presented in a reliable manner. On Thursday, the watchdog penalised Google for abusing its dominant position in multiple markets in relation to Android mobile devices.

The penalty translates to 10% of Google's average of relevant turnover for the last three preceding financial years.

According to the CCI, Google has made significant upward revisions in the financial data presented vide its submission dated October 11, 2022, vis-a-vis that of December 17, 2021. However, this data is still subject to multiple caveats, disclaimers, assumptions, exclusions, etc.

The internet major has been asked to provide financial details and supporting documents within 30 days. "The actual quantum of penalty may undergo a revision based on revenue data to be submitted by Google," it said.
( Originally published on Oct 21, 2022 )

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