CCI 2011 Rules: 30-Day Penalty Payment Deadline, Recovery via Property Sale or Tax Authority Referral.

The Competition Commission of India (CCI) established regulations in 2011 for recovering monetary penalties under the Competition Act, 2002. These regulations outline the procedure for issuing demand notices to enterprises penalized by the CCI, specifying a 30-day period for payment. If unpaid, the enterprise is deemed in default, and a recovery certificate is issued. The regulations also allow for payment extensions or installments, subject to interest for delays. Recovery can be enforced through various means, including attachment and sale of property. The CCI may refer cases to the Income-tax authority for recovery as tax dues, and excess penalties are refundable upon judicial orders.

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