Competition from exempt /compounding manufacturers not valid ground to indulge in Profiteering

Kerala State Screening Committee on Anti-profitering Vs M/s Dev Snacks (National Anti-Profiteering Authority)

The claim of the Respondent that he could not have reduced his prices after the tax reduction due to stiff competition from other exempted and compounding manufacturers, resistance from his customers, increase in the raw material and transportation costs and he was providing robust profit margins and discounts to his dealers cannot be accepted as the present proceedings are only conecerned with ascertaining whether t

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