Key insights
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1
Significant Legal Challenge
Apple's petition could set a precedent for future corporate penalties.
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2
Global Impact
The amendment affects both foreign and Indian companies with global operations.
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3
Increased Financial Liability
Fines based on global turnover may drastically raise potential penalties.
Takeaways
Apple's legal challenge against the CCI's new penalty rule highlights the complexities of corporate regulation in India and its potential global ramifications.