Gkb Hi Tech Lenses Private Limited vs Transitions Optical India Private ... on 16 May, 2012

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Gkb Hi Tech Lenses Private Limited vs Transitions Optical India Private ... on 16 May, 2012

BEFQRE "'§'7¥%*§E §:_':§_§\"§§3§i'§°ETEQ?*§ CGM§\é%E$$§{3%'§ QF §i\§Q§g§ ﬁase Na. 3,5231% £33333 Q? €}E€ES§C9f'~E: 15¢ﬁ*§.E§3.2 Enfmmant: €.3i<8 Hi Tech Lengas Mic' ﬁppasite ?arty: Tranaition Q;:3t'§cAa§ snciéa Wt. Ltsi. QRQER 98$' N'§.§..'§"a¥aE, Mamher €§§3ses'ai§r;g'§

3. 3 have game thmugh 'me ma;'e:>:'ity antier :3? the Cctammissiezm in thés matter. As 5 differ with the ﬁnciings :'e::0rc§e:3 in the ma_§<>réi:~,: r::=rc¥e~'::' that no cantraventiesé sf semen é cf the Qiesmzetiticsn Mt, EQGAZ is maﬁa ms':

against the Gm:3c:3s§te Party {"€':'ans;§%:i<3:*:s mééai, E meauicé iéke its recard fciiewirzg {iisasentmg méer.

2. We aresent iszferrrsatéixn has iseen fiiezi an E3" January, Zﬁlﬂ :.ss'::£er Page 1 3'? 163 the '£nf0rman':" er '{S§~i$"}, against T§'aﬁ5§f§§23i"§S Gpticai §:':dEa §--'w'<:. {.16 {mremafter referred ta: as 'T:'ansi.'tion3 i:':dia'} waging ahusé as?

aiszsmmant gacfséiim by Trarzséééans india, xexemsh emgﬁays "digs ceaiing tec§m§::;ue3" En ¥-'iasiiiz i3§¢.::n:s3::hmmi{: i.e:-sages {PM}, by aciczsgting discrisnésjaténg practices against the %nfsrn°:an*t \:is~a~\.»'és mﬁer izastiér pamzers. in v§<::¥atEm Q? 5+s2<:ii<3n ii 9%' me: Aat. i%e€'me a>:amEnéng the \:Var§<ms ceiements 3%' the aiiegeé vieiatmn :32' me prczxsisicms {sf the A::%., the findings 0? téxe {T2§reci:(>r €3enera§ ﬂaring in\:est§g%a'tiQn am the cerzterzfgians of me ﬁsrgsiticms inééa, it is :.='5ef::§ m umierstancé we ::§%>3:'ac':er%s'ci<:s and tsggmg sf Phmtachrwzvzic Lenses in brief.

Nmm ﬁhramic §.en$es fut' .1 §3§'§Oi€)C§}%"€3§"§'3§{2 Lens Es arsed in sun giasseg er ;:rs::rscrE§;s'£;ien =:~3\;s<3:

giasses wmch §iarkr;=:s'z when expsseé ta sun. ¥3§":r;:«?;m:i'2;':;sm%»*: Lanseg §' have miiiiams 0? meéecuﬁes cf guhstamea such as S§§\§"€3§' céximiaie :35' skim-3:" haéide esvsbesicéed in them. The meEecu§e:3 are trazzsgzaremt to visibée ﬁght in the: abssenee en' ;:§i::'a~x:§c3§a':e §§ghi:, ta uitra vioiate rays, as in céirect szsniégéwi, '*{.?':E3 m§§§' ''''g.

Page 2 cs' 19% K} E\-) F"

L3.) 3 cE':em':'ca3 g::'»::>:::~2ss {ﬁat causes them is} change shape. The new meieczuiar gtructure ahsarbs gmrtiqzn cf \:iS§bi€ iighst, ceasing the Eeéses ts: darkerx Hxotechramic Lenses can be 03' {we tygaea, either made cf giass {Giass Ph<:>tochr0n*z§z:: Lenses 0:' '(:2 PH} car gaiastic. ?S':a"m s::§'§s"0m.§§'£§C Lewes mach? sf' giass have mméécuies a:iEsts'ibute::E evenéy ?;§'2mug§'wut the eniire iens. %~§c:weve:'_, §n giass: ienseg wizem diffeerent parts an' iengas are :32' varying thickness the thicker {saris wmsﬁd appear dgrker than 'me thinner areas.

in PFL, meéecuées are aiasorbéed ta': 3 tiegctetés ~32' abcmt 138 mémtms Eats the gréastic Senses by immersing the ierases En a chemécz-33 bath. This ;;>s's:3(:'&5s is math tn:-zttser' them a gimme casting pm<:ss.~ss, wh§::h womci wigs make the Ranges a%;:s::»a.:i ﬁve mismns thick and \A:::»£.i§rD§ mt ;:2r:_wi<:Ee emmgh mxzﬁeauies is zrzake the ismsezs sufficieratixg dark.

Thﬁ aﬁzematixre is: W: the sgsemzareenéz coéereé tinted ierzs that Eight a;:>;::'»§§«:-2<:§ are these ienses.

Page 3 of 133

4.5 Them are xrarizzus tygses 9%" Esmses avaéiabie in 'ihﬁ mE3H<€-33: based on the usage, fsaatures esc. such as smgie vésécsss, bifacai, t:'i2"<3ca§ and progressive ienses.

'Ewes af Esrzses 2.5;: Same of var§m:s types «:3? Eenses avaitabie én '(ﬁe maz'§<e*-*5 are as feﬁésws:

2.5-3.1.S§ng§e VEs§:;=:3: These ienses isams same og>T:%::a§ 'feats? pcﬁmt cu' cmrectien <:<x:s:* "the ezstire area m' the mas. Thex; came in fmésheé and amfinished f<::rm.

2.:'§.2.8§f0ca§ Lens: §:': béfscai ienses ,genes*a§§sg the umzzer gar: {sf the Eens is used fa: clistarzcsss visémz, whiii-3 the iswer ;'}E§§'"i: is used far' near vision separatsezﬁ by' a segmssm; iine.

2.6.3.§§_§§g_g_s;_§__i..ens: "mess: iansas we sémiiar its béfggaés, -:~?>s:f;€3;t}'£ that the 'me fzzcaé areas ans separates $3'; a mm mizziciie area with ézstermediate focus co:°:*ect§cm, mead fer Ems:-srmezsfrate \»*§':':§t'.'.-é"£.

"miss isms ?;.'y;3e has swc: segmew: ﬁnes, di\:_:s1_§\1;§ s' Page 12- of ma

3.€:S.e§.Pmg:'e§5Eve Lemar Theses §s'<:«grass§w;=3 addiﬁon §ens {PAL} are the sgseciai kins? an' mu§iifc:>::a§ Eens that 'incmperatas aﬁé c£:>:'re¢:ti::2ns ané pmvideg a smcseth transitéan fmm diataneze cerrectiwsz 'is: near tarrectism witheut any segmentation.

€€§§¥'§°§¥%E{§ (3% §...E¥'éSE$ Lens matingg am afarw $35' the sanhancement far the performance anii agmeararzce «:3? eye giassg images. Emma 03' the exammies of the seated ismses are as under:

i.

émii re*§ie<:t§\.«'e ami s;::ratc%z :'e§s§2'sta:":*i: 2:0:at§n,9,~ it §m"_§3R".}'»:'€S bath véséon zmzﬁ a;3;3ea:'as:{:e 9?" we giassez-rs. 3:: axis ccsating Eayersa 9'? the metai m:§des_ are agmiieaﬁ on ﬁche Sens surfaz:a=3s, 'wage mxers redmsa i';<3'£;?z émezmaé ami extsmai :'<=2fEe£tés:ms am the iensazs.

v§sE::m Sear.

Page 5 3'? 15¢} iii. U:i'£;rav§%<3§e;'e'i cizatimz -~ it meevenis uéizravéoiet a':3<§iation frag}: gassing thmugh the giasss. in this caatirsg the ienses are itreateci with inxrisiiﬁe ﬁve that E3?E<:s(:ks uitravéaaisi;

rays.

M ""4 There are mam; brarsds 3% PPL av&':§a%3§e £2': the maréiet su<:§*: as, '§'{ansii:§s:ms %3g:n:iz:a§ §:':»::., Cmnmg men. R<:~::¥e23sts;'::::i< Gmbh anti Hcwa Cm";3ot'ati0:2.

QKSTER WRRTNERS Ex;

Ct':

Castas' "Farmers am the Eens casting mmgazmies whi»::h rrsazmfaécture the ssmsssirawte Bans (3 base pretﬁuct 'fer the $391.)' "Phage fjaster Partners supgséy the suisstrate Lana ta '?'ran5E%:%:;:r2:;

émﬁia for Piaotcmmomic :::'eatmen*':.

ES$E¥'%"§"m.§_ :'~'%&C'§S Q? WEE §NFﬁR§'+.:°§m"§QN :>. Transitions inﬁia has three ataster partrzers in inaﬁéa nzmweiy, Esséém Erdia Pvt. amt {hereinafter rrsferréii is "Ess':E¢:ss' §n:§%a"';, GEE E~éi«tec'r*:

. . .. xiii'-'*?'*"¥?" .-; . --

§_.€3§3S€~iS 1Px.«*'§. Ltd. and Hasya ienses imciaa Wt. Ltd. {here2:},A§'@$\£*&:i§;t§j?*&g§;i*,»_\4 .

S! 'A P .\':<_§__ as *Hm;a §r:c£ia'}. siﬁaster mariners are Ema Eens = s\ K3'. " V in .3;

.*.?§.="" $1! \ F5 to {BE} Rage 5 of 1&6 J . Transﬁions b. (3292: is an Enciian Crsmgasw which manasf:-mtasres giassz £33.12-dssmaéyzgsétis:

manzzfacmre we suhsirate Eens w§3§c%x acts as the base gsmeiuct fer the mastic ;7¥:otc}c§';mm§<: §E;'F'sStE$ cs? ":"rar:sEti:::szs Eswiéa. "§'s'an5§t§c:';s émtiia is th=s.>. saies and marketérzg arm of'"{':'ansii:§<3r':5 {}g3i:ie:a§ ms. {USA} am:§ was not undertaxe ishatachragnéc t:'~3atme:':t <35" :'s1am..:fa<:tz::'s2§ersses in mafia: The §E§'§S»E'S are ;:2»%*e«;:zt<>{:§"sm:~*:'2i<:aa§§\,»- treated in ggéasats Eecatad ~2su%tsir«:§a<3 Emciia. After Phemchramic ireatmem: these iesisses are purchased bx; the easier pariners fer csmaxard saée ii} we ;*'eia§§s.e::'s.

Ensﬁa $3 an irséian ieint 'v'e:':%:m*e terms mg between "§'s';»msEtEm2s £};3tis:a§~ H£)§€§i€'§gS E3.\:', Nethe:"§ami5 ami Transitiani Qacriicai :m:., LESA, each Emidirzg gmg 95 and $.91 9-35-aares respectivaéy. Further, bath Transitészms {};::'¥:§ca§ Haiﬁings Em' and Transitions Opticai ms. am .§<:>Er:t Venture izetween E.ss:i§m mtematizmai and' FPS inzmstyies ms. £§i'"3'f§ they have 52% and 49% s%*a;ar'e mzsietimg res;3ea:t%w--2§~g.

. Essiéor msjia is a wimﬁgs m-rned subsidiary sf Esséém intamatétanai 53.5», Fmnca. Essiiar imtﬁa sugzssgﬁiés a:33:3%:.%ca% ienses éncizsciing the PP: in mg ms3'ias': E'§'ia£"§{€'3£ bath «::§é§*»;52ci§y ax: weii as thrs::ugh his suiasédiarées.

'.''.'\''TI 3 "S "I;

;3?'Z .

aim reseﬁs f{}§'{Z3€5.i.§«C;'£$ sf vaa'ios.,:s isms z"§'i:E':§"s€.§fE3s'l'h§§'t'3Eé afté\m' Page 'E' of MG . H: has {EKB precures the gargiizsct fs'a::sm Tvansétions méia by ;}Ea<;'mg; gamchasing orders am! resaiis the gsramsct after sawing waive is tizsm E33; hard coating or arm refiectim: waiting. Caﬁ Zeigg 's:'isEr.:m {CZV}, 2»: Eermazz based Casnpany, Eméeis 5ﬁ.1§ <3»; :3%2are§mEc£ing in SEE.

w ﬁt Es aﬁeged by the irrfmsrzant that by vmue cf it heing a ;2§ayer in the rnarket fer agstécai ienseg imciuciing the ma:'§<:.et €32' the PH, E35833' Enetiis is 3 s:iire<:t.m3r2":;:3eii>t»-3: 0*? it. §=u:rthez', §n erder to berzafii: Ess';§m §nternati«::mai's market fer the PPL in Bndia, Yrangitians imjia, which ':5. {ha dmminam: gsiayer in the indian market far the PPL, is using s=s:.>c:s:§:.:3iar3an; tactics ta harm the iniemast «:3? GK8 and benefit Eisssiier maﬁa.

besen aﬁeged that '€:'an5£i:i%<ms mafia is sL:;2p§§,:§ng the Wi. 4:0 Essiiar india at games Sewer than 'those bemg affered is the iszfergnagxt, even thaugh, §E'§fGi'"ma£'§4Z is me ﬁargest ;3urc§'2as>:sr;'reMse§ier :3? "i'ransit'iams.

--im:¥ia"s pmducf; in mdéa. :'3scs:s3:'<§E;":g¥y, E::::iEe::~r im:iEa's fimai saie mice 0f the §~>§=~'L is imwer than even the garice 3: wh's{:h infmmam purchaaes we prmtiucit fmm Transitisszis inéiai infmmant is fmwsaé is s:sffer the §3i3i_ in ,..---¢~_a~>... V #577 W' ~Y''''\ & -.- .

the mama": at 3 gzzriceza n'zargEna§§y higher' than E333' ;'__i'.;~»_.- .

Page 8 of 1&3

ii}.

camparismn ta Essikuer india, énfmmant is unabie to reseii the gztmciasct at CV-::»w'spe%:i"t'é\1e:& gxrices ':3 its c:.:si:{>mes's.

. it is fairther aiﬁegecﬁ that Enfsrmam is swat being aiiaweci 12:: take aiivantage cf Esivegténg in as hard mating gsiaat and carrying mu': thea exemse :3? hard Cxtzatmg We ﬁersses itsseif. The Enfermant has i:wes%;e{i in 3 hasfﬁ mating giant; it ;3E°(}{':.Ei"€S wages frcsm Trmsitigzms mafia irz Lzmtoaieci farm ard hard. wats the éersses §*»:se§3" befmra reszemng. Transitions mdia has Emvereé «:§e;:wn its ;3§'§€«SS c>§ ham azeateé ienses am ':22 this way gzwevemcing the mfmmant ts avaii the a::¥va%n§:age of érwesting in a ham caaténgu giant and zzamg etaut the exercim £335' hard seating the Eerzses itseévf Er nrder is have an ecige aver its; cemgzetitmg. it $5 azisa ai§eg«zes:ﬁ isms: "frzmsitimzs méia ciemancis °£'mm =:%':& Enfafmant is gxravicie it the ﬁeiaiia 2:3' ztzssmmerss. §'t is ithe beiief <23? infmmarzt thaﬁ: the abcve §m'«:;sm*:at§{5:'z has been ;3asse{§ is we comgsetitors cf the infmmam'; as; after the su:.:sg::¥;r of ma E<n?'s;m'nai:§:m mam; {sf the <::.s5t<3m{~2rs :2?" 'me '§:':'§'m'mani: steppegﬁ K ~\.o «A 'K. zmcé startexi garstzcasréng the gsraﬁuci fmm the other zzzgasiﬁfjg if '=1 Trar:§iti0:';s mciia.

Fags 9 0?

11.

12.

161. ﬁurﬁtﬁezr, as yer the infarmant it is abiigateé is ::e§§ the prodzzcts irzanazfaciureﬁ ﬁg: Trzmsétions maﬁa :32": an ezsxcézsséve 33353:. and is nm: aiﬁawed ta 5&3? the simiiar grraducis sf Qthar ma:zu'féctures.

it is aisa aiiegeci that Transiiiang mciia arbitrariiy m::a°ease~:=. the gmazesz :2?' wt. The ratimnaée given by Trarasiticms smziia fm sum ;33"i£€ increase was apprec§aiien in the vaizze <3? mciéan mgzee in the fareigrs <:'e:<:%2::mg-;~:s.

'i~§cm:e\.rs.=.»r, the §r':::es <3? the preduct were mi: iswered when the vaéase cf indian zmsee in the fmeign e:><::hange nsarket <3em<e:~c§a'{e3.

it E3 fmther aﬁegeazi that '§':'an§§ti0ns iz':€§§a amitrariiy changes the suggésg chain of the ?PE. in Cam (3? Enfermant witimut any :'eas<3r2a§3§'e notice which rec:-smts mm deiaying the gseriad sf deiiuery is the §m'arma:':t. Furtéwer, it aﬁiegeﬁ '%:hs*t- "¥':*ams§*$:§<m§ mdia éiscrigsxésiates against inf<3rm3m by givmg it a <::'e-céit gsaeriod =3? aniy 33% {$3325 whéie We stanziard industw ;:»:'aci§ce is in mmriczie a szredét Qefiﬁii :33' {~38 sciavs. {me ta 3 shes": creéit ge:'§<::<:§, mf<::rmant is net abie its maintain a iargse Enventcme' the PF; amﬁl "i"rans§t§mas mziéa {ices mat timeigi draiimar the ;3r0d::<;:.t to tha §n'f<3:'m§:nt%.

Page ii? 0:" 19:3 1%.

18. 3.8'.

a:§i%scs'im§nate.s the énfcermant in the mratters §'e%ai:.<3<:§ is the marézetmg :2?' the proaiucta aa the web site :13?' the '§"ra:':3§ti(ms mdia dees mtst manticm the name of mfermant wha seiis its §m:2e:%u::t 3*: wéiaii mstiets.

it is furthar aimgeﬁ mat thea "§'rans%tEs:3n5 mziia is net aiiawing the §nf:.*.:*mant ts exgmrt the PPL ever} aftrzw' the vaiue ad$':':§on. Net zimiy this, Ts'ansiti:'m3 Emﬁa ggreventeti the informant fhzsm seéiing the it') the.-".~ c:.s5t:m*:er:=A win: wars: ta exmrt the Wi. {sf Trms-itians Emiia.

A5 per the averment 'me infmmant Emrzrrsdfa-ei in sai§ Accﬁmates, a £2§3€3a§.'.h=35" ;3m:iuct 2:}? Transitissns mcﬁia, aftw va§s.:se ad{€E'ti::m over the g:.r::::du::t tau? Trzmséiiens indéa .st<3;3;3ed ét from thing 20 amrtﬁ prexvenied saie sf chessgser pmciuct inﬁka. Transitﬁerzs irztiia 2-3330 gm-wants Enfe::>m*:ant frasm 2-seﬁéng skier genE2s'atE0n pm-zﬁuct for mme than <3-me 'year after Entrazntmctéssrs :33' new geenerzsiﬁcn gsrecﬁuct ever: if the demezmci for the 93:3 gem3:"at§--:>:': gxmziastt axigts in tine: market.

The Enfsxfmant has aiiegsaci that the aismre :c<mdu::.t ami _:3+raz:':§c«:-:3 :3?" the 4-'P 'v"c}E'i€.§i.§S garaxéésiesss sf sectian am? the Ccamgmtitima .ﬁ\c§,Z§§' :§.sz-

\ The €n%"<:;:'mant has prayeai §"<:~r the faiimwizzg reiiefs: 8» Page 3.} 9'? mil» E. To Essue 0§'(§€£'5 is Traszsitians imﬁa to imrrmiiateiy disczzmtinue aizsusssz 9% its daménant pagitiazz anti cease ant&~c{'m*zg3et§':'we cezxduci in aié itg future ﬁeaiingsg £i.'§"0 émpaae max§ms..:m ;::e&na§3:ies cm Transiizézms imééa far ms.-:-Er ant';- camgeiitixre comiuct En vissiaticm 0'? the §}rov%si:ms :3?' Sesttioa 4 of the Ccmpetétien mi;

.ii. T0 any siher mﬁer which the Camméssizm s7:":ay deem necessary ar fit in the circumgtzmces;

i\!.T:3 jaass an §ni::es,'§m mraier, dire<::%:§ng Transitéizarss, mciia tee §"ES'E{33'€ suppiy cf praduct is GK3 am aw-n~cii:~;cr§mEnatary basis.

The CG£'£"§miSS§s.:§¥'$ {2§3f3$§{§€3§'£§{§ theta matter in it:; meeting éatedé 1'&'%§¥1.2i)1{3 am after havirzg formeci the agzésziazz uncﬁer S:=3::t§»:m ;38=f_1} ef tha Act that thare exms 3 gsrémes facée case, referred the meztiez" 'ms the Directs: Generai {£35} far ﬁnxvesiigatian visie amiss? dateezé :1S}.G3_..2€}E,€3.

.5,;::p§§c3tEcsn far interim :*ei§e~§ 33:3. E;"m:"a:'2g the mndarzcy <3? ihe ésweatégatim thee Cemmisséen in its meeting datead 2{}.€3"§.E;{'23.{} {:9s':sédere§ the 5 u f A .-\ \ ;2S.€}§.2{)1.8f§Ee:~::j by the infmmam seeidng Emtsarim §'&-'aifé ?z:;;:e 'iii of ii.{}€§ ms 3"' 22, 33 03' the .&{:t and dacizzied ta issue netice is the 'E"rems';%:ic:ms incﬁa far fiimg re::s£\; ;' csE3§ect.is3r': it: the apgﬁiaaiisn.

The {NZ} after mceivéng the ciiresttésssrs fmm the ~iZ:3:':1:*;3issé=.:xr: im*est§gat»:--3d the matter sad suhmitied the izwestigatian {apart ﬂats-3:3 23.GS.2§1s3 ms the Cammisséaam.

in s;".~:3rm':*sis5%s::»n's meetiisg dates} 18¢{}'3.2:Z3:&{} the ccmnseé appeareé -am hehaif of the mfor'mam'i; am} "franﬁéitims imziia amré mzmk-3 ma?

5§}§23f'ﬂE$$§Gi'¥S an afggaéizzation zmzier sgeciion 33 of the Act. Admcate an behaif of the §m'orm;m': agresed that their ag.3;.:>§§cat§:m umﬁer 3235:3932 33 0% the Act may he cansidereﬁ with mam: infermatian», in véew of the fact "£213: £36 has submétted ithe §m«=e5tige.t§:::n regaert.

As s=.:<::h, the Enfaysnant did mm mess; €02" émterém reiief.

. The Cammisgicm in its meeting date:-oi 'i6.{3§%.2:}1{} after €Z{}i"iS§(§€E§'§f't§ the matter in detaii deciéeﬁ in garmiide 3 camgr :33' EEG: §"§.2§,'3€)i'§; in 'size tat} seek their objeztéims.

-aw' me Enfos'mam: and the Ts'as':si':%ans Erxdia t§":.s"c:-ug%': their ttmmsxzai Med ras;3eC§ive¥y. '§'he:'eafier the <3ra§ suhméssécms of the §a;"§§s$p§3§. 'mg the Cemmiszsirm 0:"; %f3§."3.2.2£31{I3 5-md 23.12.2{§1'~i). §r§\f*:

~36 Pas;-je 3.3 of 1&6 {}9.:i.Z.2.i}1{} the Enfcrmant was dérecied is:::s fiie sedcéitéenaﬁ infermaﬁon En guppart of his argumsszmis which was ﬂied by 'aha §m°<srmam: Vida Eetter Ciateii 28.12.2338.

Befere deaimg with the 0§:.«§es;:t%:>ms fﬁed by the gsariées and -the additionaé infmmatizm "ﬂied £33.: me Enfmrnarzt 3% is necessary in examine the irzvesﬁtégaticzrz :'e_;sert cf 5:§"s§;*: Birectar £3&r:eraEA. Heszce the <;}£3§e<;i:Ai«:3:°::z and the 3C{{§§3;i{)§"§a5 Enfarsnatétsn are ﬁeait in the §ai:er par: czvf 'f;§'2§3 <:;:'<:§e:*.

imsastigatﬁsn Kmart M 3%

25. Eased an the aéiegaiimg made by SR3, Cietaiis an ;::§*::::>tm:%'m::mE::

techniques, mama? share; saies ﬁata, §mg3m%:-- ezmort figmeg, anmzaé regssrts etc. were méﬁeszted by {$252 E36: from {M TfaE§S§'§;§iZ?«ﬂS §m3':..-3 audits castar gzzsrtners {£3§<B, Essimr me:§'s3 Pvt. Ltd, Hays Cmtétai §.s2ns Emﬁa Mt. Ltd"), 2?. in resgsenae its the mike of BS3, these entéties fiissci their ramiies '\ é befara the {R3, The brief sf we s'e3p::mses féiezzi by §:§':=*..é3°E3 entitises is nxentéetsmd the fceﬁawérzg paragragms.

far 0§3em':i0n5 m indie en'{es'e=:§ ism) §3e*'ws.n=3en E5,z§j.§~§ '§'ransitiz:ms G:*m:;> either betvsréssan the gmbai ;3are*Qi\§,:§a:xf" ' \\xJ »., 9 _1'-

' <\\3 'Page 1:; :3? mt:

jbetweerz their inciian cstmntergaartsg it is warking on we ﬁasis <33' price $33": as intimaieii by T§'é3i'3:§§'i§x:}§'§S imﬁial frem time {{2} time. Essiiof mdia gubmittestﬁ that it gzzeiaces the ;3s.m:hase f§§'§*3£" based 0? the requirements as per we {mazes intématesﬁ by Yransitmns amiéa amzé Transitiazsns mciia suppiies them 33 gar the agreesi news.

39. it furtémr mated that it has mzst entereﬁ 'mic: agreements with any 3%. Esséim 3

-1 .i..

whoéesaiars arretaiiers %"m' we swgéy of ienses and a credit peried :3'? 68 days ﬁam the date 9% inmica was prexziﬂed ":0 it by Tmnsitians maﬁa. Egsikzzr mciia cam-f§:'m~e::§ that it does. seﬁ A::c§imai:e5 in imiia.

incﬁia aim submitted thai;

its parent camgaany Esséim"

internatiesnaﬁ 3.3%, haéds mmmity stake in Tran::;it?tc:n Qgzntiaai me. the mtimate gweni mmparw of Tyazzsistéczrss Enﬁa. Wizem-3.ver' Trarzsétimxs mafia éntrmiucezi new generaticm PM it has asked Essiior 23:» garsmete new generaizicsn ?PL 336 it has never preve=*':te£§ t§'se:»:m fmm seiiéng the mdar geaneratian 99:"

§'*iG'y'a india stateezé hefare $6 that it is a taster gcreartne-2r cf T:'ar:sEi:.ies':s india and Seurces §3¥»'E_. {mm it far smwarzﬁ 5335? is custon1g::,§;;;r;3:;:~§m1i\a. . .3} V __,.~/'\';,'J3 M ' .-"}_"'{'.-< gt »f= . . . . 3. . ;?§~.\ - < Haw maﬁa gmrchasas §",:a't§'2 f:ms%te:3 am .<5ezn'wE;n;s?2 gj;--'-:; _ '?§"£':?3:'m

-..' ff' Trans§t§{3:2s hmiéa am} eithssr saiis the iensssss 'm t3:'ga;1E.-¢<f'§;:_3rm__i 15 :3-3" $93 U...) M) Lm<:§ertaS<§r3g hard matmg an the Eanses hefmfe saeiﬁng :0 the w§'n:s¥esa§ez's and re%.:§§Sers. in india. it {anther sntaied that it dams mat undertake phatachramic treatment an ierzses but eniy ;3roc&ss&s and markets the finished iersseas sczurcecﬁ {mm the T:'arssit§m2s Endia.

Furtherj. as per tim axzarmemt made by Rsﬁxa imtiﬁa, "§"Lra:*:sii:§Gnr: imiéa gives a ;:3r'ém we mcmtiz n::3ti{:e% fer change is': the mice cw'? Wt zmai it psraviiﬁes ggraégsct wisa saées data cmﬁy fa: "£':*ar*;s§t§m2s. imﬁa preducta and it ﬂees nat gas: can émiéviduai <:ust0mer's inf'm'mAa*m;«n" Heya iswsiia submitied that %t {ices mt ham am: *e>:c§t.:six«'e agreement Wm':

T:'an5it§0ns mdia' but has 'ms: yeariy gsrice ﬁxing agrséement witéi it E:

(mix: has .3 ézuyewseiier agreement and mu» sharehazaéciing in Transiticma mciia an" my 0*? its subsidiaries.

Haya india suéamiited that there is ms» pregaure frzzsm '§'r3nsEti»:3ns imﬁia ;:sreve:*:t§:2g it from seiﬁng the aamer generaiiasa of PM fax' mere man cm": year even Vwhen them is a chamand =Er::>m the Et§S'{s'I}%'3'3§';"~.§'45. $3: has mtrt purchases: any 0'? ".é»c::§%mates"' brands <3? PP; fmrn "§'r:~3mEtE::m.s mciia.

in 2's5;:3«.:mse is the E83; name, '¥'rans§%:§<3ns indie submitted that it .A"f2'f~"M:::A:""V' xxx "'3~""' LA '-

unﬁertakas the "'§mbibit§<:>n ;3r<2=:».:~:ss" am the "'"§'rar; ' 'K? .

S and ncat the "'{Z%i;::» Cimténg Pr::3::e.=;:~;" far making the Eens gt éhoty ''~ 9» « O Page 15 of wt} as aiiegeci by 8&3. it furiher smmitted i;?:a't it has amt enteraé inie any §:>usmess,? distributémz agreements with any' C§"£§'§E3i" parties exztem far the {mes caster ;3am':ers Le. {E} Haya Eens Endia Pvt. Ltd. {ii} <2-3§<E£ Hi» tech §ensEs,: and {iii} Esséﬁm ineiia Pvt. Ltd.

:3: 3530 stated that E': hag a§wa*gs given reascmaiaie notice §§§'§G£" ta change in sugczgﬁy chain and has not changed the 5up§sE3; chain a:'%:'strsri§y. Further; GKB has aewsraé timas ciefauiteai Era meeting 'me gxaymerzt obﬁgatians during the murse «sf izuainess agzmraticms. Sn the quesmam of deiay in supgsiy, it gtaiaé that we daisy' is because: of the gap between the fmecast and the 3431:1233 quantib; p%urc¥3ased.

. Trarzsétizms indie aim suismittecﬁ that it has no singie "g§::si::~aE" price but has exercised its traiiemam, grsatemt amsi other intei§ect.ua§ pra;3e.rts_,: rights and has adopteci ea rs:§;§cm&§ gsridng ;s::3«§$z:g,='. 5%; dues mt chérge any saies_;';:2r~:>ceed§ngs chargea in adciitiam id the saisi saie arise from we afmesaici caste mars {me caster partners}.

%t has aim ﬂied 23 ce:3m;3aArat"we wise tame {ﬁanficéeniiéﬂ} far "§Z\:'~.!{§ kinrés *2: :<3$,w it ":2 acures the substrate itseﬁ fmm xrarisms Seances §,:;:§;seA - e ;::§;:3e:§E1:ct_ \ :;':~ *3' s' at '"-,3 a 3,? 2*' me t O " I. \§:§?"'.,'r': :

\,4;,= ..-:~»§_g M tn the easier gartners but far sgzeciaity gzraaducts the substrate is pmvideci by the ierza easier and afier prczcesging the 39:33 it returns 2:: {taster partrzers far mwarcl saée, Tﬁus, ms prices vary on the above»: basész.

it furﬁaer Rated that iaaseé cm certain garameiers gmce diffenznce sf §NR 2.8 (ag::;::s'o>::§rnates§3s USE $3.815} exists fag' Finisﬁeﬂ Singiﬁ \e*"i+s~:§a:'2 {S-'S\>"} §1ar:i::Qate=:ivamj uncgatad Senses in Sndia am ihat the prica cEi'ff»z-sremzes 3350 exist for jcsther regizms ap;::»m3<§mate%§s; in the range :3? 333:3: $.48- L§S{3:3..it had' never imgaosacé any resmctims cm S§<:B"s r%ght ta sesii its maduct in the market a"? 'sis chaise. Rs stantiard aredit terms for its caster pamxerg 'gr: ﬁndﬁa and armsmi the wcsrﬁd are {ii} days and it had Emwewsr axtencieci a 'ENC: 63%; ::'edi§; Eirdit ta': {SKB far 3 Szmg time. it dams mt impsse any mE3§igat'é::sn an its caster ;;3a:"tne:'s ta gamvide cugtzsmer dataiis is it. HQwew.=.sr_. §t {mes require saies sﬁata {mm its caster gartner far varicsus <>%:.'m:-'z:' reamns. it aacems return of <>%:2s0§et$ §rwents':m,: but aﬁsa gives 3 time §38s'i=;:s£§ sf we year ta its s:E§S"£€~:f' mariners far phasﬁng cut the {:56 gmduéct. it §s not zﬁxiigateﬁ to getﬁe the amaum: it etswes as aiasaéescersce ms': agamsi mserdue gs;-z'~,,='mem;3 wm': its T . 9:

with an Erztentian U3 mairziaﬁn gamé reéaiimns ii: ' Page 13 0'.' ma

39..

£18.

amamnits with the easier gartners. it dams net same due5§nt%1e§s:2rm of reimbéxsemem fer marketirég fumjs against payments awned $33; the caster gtxartners. it §"i$s;'.§ not entereci Ema any ex'x:;§;:s§ve cieaiing ag:n.=.~eme%m:s wéth SEE; H0333 india ami E$$§§::§§' imiia.

~§°siE3r§<ei: anawsig iw WIS During the caurse :3? the irwestigatism it has been absewed by 0:3 that was reiexsant gmﬁmst mama: in the §:':s'tant case is me market :3? Fﬁastic ?%wtm:§3s'em§c tenses creaieﬁ an accmznt Q? gimsmchmmic treatmem. £33 furihef :'eg:::«ri'.ed téxat the re%§&.\:an=: gessgrapimtz mar§<sss"i' E5 the instant gaze is mdia.

in its detaiied asmiysis st}? the seievarst maﬁzet ami Transitions §m:§§a's =:<m:g3etE'zm'5' §'.>e.sit';<m tﬁareizzg the {H3 has feuréd 'aha': aii PM are imported and on the basis emf data gsrssxdﬁed an Remrt <3? Cy§:3::-ex Exim Seiutians ?'v'§;. Uni. {;i'm:ze::<ure~8 cf 35 rsagsarti szsbmétted by Yransiizéims. incéia deréved the shares :31' "ikatxsitieng maﬁa in the mar§~:e$: :2'? piastis:

;3§":O'I€I§§:§H's13m§C {eases at ?S.§'}6 En year ZGQ8 and amzmﬁ 8'?% 'm year 2069. M per re§3m"t 9? SS the saicﬁ ﬁgures are w'£-E2 3u§3gmrT<-rd by the fact 5%' Eémiteﬁzi ;3re:~;e:':£e Sf €.:t§":es' gzziayers in the s'e§e\;23 '3"\ {E532 _N>~.",y 1 «Li .3', N. 2 3 mar§~:;et share <3?' Cmning imz, xevhich is we Secmzi iar @ \ .-- V. Page 1%' of 338 ' mat§<eat £5 0¥'§§',i attmné iﬁtré. the strata sf Trastsitions indéa on the basis 0%' impart data ct::s't»35;mm:i5 \it";"€"'y' C"§{'}S€§%; ta the (Z{Z§t'{t§:}§¥3€iY§ market share 9? 85% cf Ets three caster ;}a§'t§'}€_£'S, as ciaimeaﬁ by the mfmmant, whe tjeai e><t:§us§x:e¥y in P92. :3? T:'ar:s§t%t'ms Enéia. F131" determisténg witettzer the Transititms tncﬁa etzjcngs a dazttirtant §§€§S§ii03'3 an the tetevant market, Bf: f&§I3vt}fii hat 8,358 €;'.}\'E§t'¥'¥i§t€€i3 the t'at:ters enttmtratesti in Section 19%} :3?' the Act.

4% ;..:«.

{Em the basis at the facts and mattettat cm t'&CC»'E's'.'§,. 36 has cams: tax the C0t'iC§i.i$iOi'i that the Transititms méiia tztsités 3 éamtistant §t}€3S§'E30f'£ in the retevant market.

Ftnéings at M} The aiiegattona regattiéng titmtraventitm at sectiatm 3 at the {wt was atiﬁeczi by Gtitﬁ dtsrtstg the camzrst-3 at iswastigatitm with tt=3s;3er;t to ttgr'<~t&sttent between {art 3:3-its Visicsn {CZV} amt 'trsnsititrms Qgztitai. Hswever, it has beer} reg::t:s'tet% tey {:26 that the terms amtii mncittitms at .«-"""'"' '.!'~-. .

the saiti agteament, whtct: is an §t'§C§€gt}€n§B¥'§'£ agreet§tt§§'§§§}i; »'é>eT:n (:;Z.V ant} Transitions Ogztétais, wete mt §€}t1t'"§{i ta he 7&7 ''1 Page 25 at 18% £33.

£41, £3l§§.

ct?' Esectian 4{2}{b§(§} of we Act wE'a':ch erzaiaies Trgg commeiitéxfe. Thug, as gar 36 ramps"? the aiiegatizms regarding vﬁcséaticsn of section 3 cf the mt are not subsiantéatecﬁ.

{)6 further fmmﬂ that C-EK8 at times éefauited armada gar: gtsayments to Transitémns im:%§a. Tﬁus, discregansgées in meeting 'E§*'§€:'. c:;::r:'z::"actu3§ mbiigations cm 33:: :3? GK8 hava been meted $3: the {)6 am it has bean O§2§S€~3:"V£°.C§ that thia fact when seen mgetézer with ﬁEVscr§m§nater§.«' macticgs af Transitiatms Emiia seems is have s::2ures:§ thaas business deaiings between them.

Vii has aim izraen :'e§3m"ted by 9% that Transitions imﬁa has discriminated as' has given Lmcims: favor' in pricing ':0 Essééor Emiia cemgayed in 68:83 Ferex fézsctuation bensaﬁt wag giver: to Egsiicwr mdia which vzm denied ta GKB. "mus, the £35 has drawn the cmzciusisn iizzﬁ; by adaming the d§s::rimirzatuw pricing ifcmsﬁithcms against €3§{B the Transitkzns mam has abused its daminant pasétian En vieiatim :3?' secticm £s{2}{a}i's} «sf the Amt.

DG has further ::.om:§udec;§ that as the agreemem: regarding sh:-:,§§n':ates brand sf PM coniams restréttive ciause Etiause {i'«.f}{{Z}§ and s.=:xe::§us§ve's:~ .. .. . ft .

{sealing bgwzg gmgmgesﬁ an C-;iS:.€i" gsaatners gush £.Qf¥GL:§{_,§§§\{ sit-€'\ ' vi:

a .

u) " \.

iii: S f'\ 57- x\.\' Fags 33. 0*? 13$ prevent entry or saie sf wmpeting E3s'andsfm':;«c§ucts.. ;~'~:es.triction an exgmrts, gzrevemmg gaie cf Aegciinzates and cider gémeratiim moduci and the axrziusivity ciause in the 3-'~.cci§mateS agreement restricts the (Easter partséers mazmfacturera.

fmm deaimg w§tE2-- ether Sucém restrictions am aésa vimativsr cf semen «%{:?:}{::} :3'? the 3-mt.

{K3 further sbserveci that ¥eé»sra§ "ifracie Cammission {FTC} wide OFGEE' (fated 32,.,{3=-<».2i}1i}, has fmsné we c«;::m'§u{:t csf T§ansE'ti<:ms {)~§3t§::\3¥ ism, USA, whiah is garent ::<3m;;any cf "2"ram;i%t§:3sxs inﬁi'-3,. as ant§~cc}m;3et§tive in its deaﬁng and Executiw cf exc§us§a:e~ agres.=s:'ver':1; wéth the Caster Eénses arm} ta parties wine were compeéieci ta saﬁ "¥"rans§'cion5 disccmtisme sake of other gztastic §hz::t<} chromiz: tenses.

Resgcmses af the p§rt§eses': tha 3% §*«e§:3ﬂ:.

. The mformamt am we "?rar:s's'c§»:ms mrfsa ﬂied their oiggecticms cm the B6 regscsri'. "ﬁne reéevarst cs:):'%*:em:%0s1s sf the infermant and Transitiezzns india are :m~::¥e;":

. Resgsme $2' SR3 4°' .9" \\§ i'§;%<\ C' l' , -.

-:3 48.3" m the;-3 objectieng ':"i§€c§ 0:': {:5.:a.<3.2::>1a, §:1'§'0r:§§:§§:{t ' s that E36 has mcxsrrs-2r:t§s,; <:::>m:§:m::~:c§ that the SLKg,§'}§\; "~.' I'« Page 22 01*" 19:') ciianged by the Transitisnsz indie with aciequaie imtice ':0 the informant. "fixes reievant extracts {if the einjeistiiens ﬁieid by the Em'm'ma:ni: am "'timi.,=igii the issue 0%' aiisnge in sugpiy chain far 32% caster partners in iiiﬁia was C§iSCL§SS€E(§ in the mszeiing betweeii {Zari Zeiss \f§S§Gi'§ intemaizicmai Smisii {"CZ'J"'} and the meeting was aise atteniieci by Mr. Ne §L1§ia and Mr. Se {5§.§'§I}{€3 its'? the informant} maid in Singapeie an iiczxiemiasr 2¢i,f25, ZQGE but rm decision was i3§<{-in during such meeting in this» regard. Even tizciugfi the iiifermant was made in beiiewe in the said meeting that the Respondent wmiid chaiige the supgsigs chain far aii castes' gciartners in imriia, the infmiiiant beiieves that cinigi the infmmanﬁs suppiig iziiain was changed fram Barigaiore is Singagime wiiiie ether cazstei gtiariners, iiiciiiding Essiim mcﬁia, ciziriigiimeci to receiva the gsrcidiici from Baiigai0re"'.

48.2. infarmani: has aim itiiaieziiizﬁ tics the cimciusion of {R3 that deiay in supgeiy chain was time it) camgiiexiigxg oi' business cigsemtiana aim' Ei'i3C{2{.i{"E%{Z'y' of forecasts by {Eases inizrmiiant. The Enformsiit fu:"ii3e:' eibjeiteii in the »:<mi:iu:.ti»:3n :3? ES that the mice §§§C}';éf§i5@':€f5i§3"§{.J:=f:

_ '7 'x Ti'a.nsit'mns imziia was time after aaieqiiatie mtice it 'ci§§e 3 EB}; 9""

\ _.\\:d__'¢€ .' '*' 'xi s '\ . - . _. <_-

Page 3.3'{:i'1§3i} him} 3?

\,'_:L3 L" 'r' x o.\ ...v~ % The mformam: submitteti that the Trangitiens india has informed the {)6 that the price increase :32' '.?.é§% was :na{§e_effective far the mﬁ:}rmam: wiiﬁ effect fmm €}1.G3.2GG§bui aittuaiigz, the mites were maée effective far the infarmant frem {}1.€}i.{)§, Further, the iotai ':n<:%rs=,>.ase {pf mice was acmaiiy :£?.§'3-3 am not ?.§%. The énfmmant has reiéed upon the ietter mam 'I.5.{}3.2{}§9 Essuerci by the Tramsétiens incﬁa ta CZV, S§:":gam:s:'e am a sagas; Q? Erw'0%e:a-2 dated 88.01.2389 in w§':i=::§"a it is; §'£'§€E'3§Z§{}§'§~'E:§ that the priteg were increased frem {}'igG1.2{}B§.

«$8.3. The §;"n':)s"man?; has further submitted that we Teransétions indie has sﬁeVmpted amisi succeeded in misguicmg 'the D63 as the T:'ansitie:ms mdia cosxfirmeci 'Z".§'}3'i.' it hag Eaunched Qniy {me ma-w generaticm garcamsct cizmng the iast five year whereas duréng the gnseriad 2{3{}:i~2{}{}§_% it has changed the ganeratéen 32' we :3:"::»d:.2::t twice} $0? ﬂue iﬁdiaﬁ meme: and t§'::'%r;§=:+ fer the Euyczgaean market.

V Furtizea", the 'E':'ar:3itios':s india has ram: gsmxxiizk-_=:(§ comgieie mfmmation tn the S5 with res-ggarci to the takéng 233:; garaziuct. "me Traszsétmns inéia 3.3S§§<'.§ is 'take Ezack .

izwerztorv of sbseieta products.

Page 281 of 10:3

48.4. The §nfs:.:»rm:mt has eiee oizgectecé ie the cencieséee {irawn by the $38 that the Trerzsitieea indie has been reieesieg the .ma:'E<e'e:mg fumes ta the infermante it is stateti that the marketing funds were met reieesed en time. .?x»"§er%<e'?tEng fumis fear the year 2988 were ;re§e3se<:§ by the T:'ansiiEe:35 mﬁie in ﬁuigr, .?:{3{1'i§ ie. after a ﬁeéey :12? Zr' months. and 'the {marketing funds fer the year 2323?} were never reieaseé. The infsrmant further erguee "that the EEG ﬁes net exammed the effects; of agreement between the earem <:em;:serw sf Transitions indie and CW.

c385. The informam: aise stated that it me em: ztiefauﬁtecﬁ in the gzseymeeis ef the Trensiiiees meée. The {§§sc:'e;3am:3;, Sf any, arose due is xsarieus. ~::iiscrimEnate:'1.r ;3ra::'c§z:e.<. ex' the Tsensitéens indie.

£9. Reseense ef "§"§*e:':s§t§ee§ Eeeie 4%.: Tsensitierss mdia suemitied in R5 aésjectiens is: the £38 seem": that the reievaet market as ﬁefirzeaﬁ E33: the S8 is net czerrect eecauee ,~«::f::';::;-\ of Eack of reesenéngx d§sregere to we 1'? 3 'la 8 is ﬁx. .

g s. - 'w _.

es' .5'.

: §\ If M.' Cemeetitiam .ec't,. Eaci-< ef evéeience and {Siege 'm??«=:v e \ auenaésseiene maﬁe kw Transitiema indie. \ "Q :2 1,} ix .9 Page 25 0? 333$} ' 49.2 Transitions 433 mm further sciateazé that {ha aasessmemt of dcsminarzce as tamed {mt hy the EEG gizouicﬁ he rzeiecteﬁ because it is based an incorrect am Encomgaiete cﬁata and deﬁrxiticm <3? reievant market. E: has aim submitted tha': the data (m the basis :3? wh§s:i*a the mariaat share sf '(ha Trans§ti::ms mdéa has been caicuiataci is ursrei§ab¥e and Erzaiiequate. We castszr gaar'me:'s do rm': {:€ea§ in Transéticn gsrmziucts exciusiveixg and their nwarivest share cansmt be imgssuted ':0 Transitions imtﬁa. The émgmt data pmvided by it to the {K3 is cmiy Emxﬁzzatéve am? act definitive :33' the PR. imgzsorted vahszreas the BS has taken the said data as ciefinéitive.

Transitions Emiéa aim szuiismitteti that the E363 has ignored the emsztence :31' other WE. ma:1ufa:t:.m=3rs arazsng' 'me warid x»~m:.::

dismbuie im;3<>r*:ea:£ gkrmiuazts in india urzﬁer grivate iabeés and 353:: the éamazsiéa §3l"Gd§.i{I'§§{3i'3.

As gee' T'ran5iti<:m:~; §m:§§a,, an the E33535 of the mar§<:e': study !'e':3§}i3§"iZ prepared by SW2! $trai:egy Visicm Gmézaﬁ am €Z;>fg1;;a§1:g\ KC; the ~ ( {J .

sf {:3 ll (

9.{}9'3x£» in the marksat :3? an photcmhramic f~;:>:~* market share sf Tramitians mcﬁéa is 2§.€=€é% \ A ' I \ﬁ

9.,' a'3age 25 of '1€§(¥ 3' suiamétted that as gar SEC?) aregszort oz: Techn§ques and Eu§»:§§en£".iary §ssuesL in 33*s*9\r§:1g {3:3::3inance;'§kf§«:;snm3c3§y Rzwer {BAFXCOMP (2386) 35} {'52};-E"C§3' Reparztj. "" "?"he,='e is czfscz me :'.r;t.f< rm:

mama: s£".>£:::"e--s'3c:sed ;:3re35um;3i:§aré$ s€r:3:'2g;;'€§.r inﬂuence _,:'z.mf:'2e:' z;=r:m';:'sis am? that :3 a'e£§s!o:2--maker, was %sc:t§5ffe:2f ifmzzi mm"$<et 3:'mre émsea' pf'£f.S£}{?'§_£}i"§£}?'§S ,m:.rs been frfggsred, zmaigzses re>mc2:'m':<:g;e a«:a.~=Ee:iem:e 5é'f8€1f5§fe?;§'_§r' 2:125:32 :2 view is ::anffrm§n~g' the initiaf remit."

Transitécsns iméia has aim C}b§*3C'€¥3,C§ that EEG has not taken E£";hZ§ <:cm:«:§cie2'atiar: the:-2 reiexram'. facisrs W3 :{§{£¥!} cf the Act to es'*;ai3Eis%1 the iihzxmisiance :33' the Transitézms im:'i§aA. it submitiad that its canmeiimrs exercésez 3 c:3mg::et§tive azonstrainii over it am as a fesasit it is not dmmmam: in any market reievant to thig <:as~:~::. £2: further sasbmittmé that the £26: hashct pmvmed any evidence in ccmcﬁusiarz that Transiticms Enziiak supper: its ;:>r<3;3ri£-ztary '$1-:'2{:hm:aE0g*g E25 :2'? s,u;3e:'§:'.}r qzsaiitgr as ccemgsared is its; <:0mpe*{E"1:m°5 Cw that it has ccsmmerciai advamagess aver its cermzzeiiters.

§w .8' 3:83 Page 2.? of 1913 4%.

£19 dear 'ienses is 3': far phemcéammic treatment and again depenaient an the same caster §:ar?;:':e:':3 fer the sake. af gsheto cézrcmic ienses.

On the issue sf preference am zieperzéenie cf the ccmsumer on the Transitisms india, it hag submitieé that ccmsmmer BWEUEEESSS 0'? different manzzfactureys 0'? 3'39: is icsw in mdia and mostiy cansumers iemi ti: purchase images without knowing the hrancﬁ 13%' Eenses they are ;mrchas§ng.

Wansitisns mma further auizrmitte-:11 that mi-are are mt} ewm; hamers in the reievant market. The comgsetitors of tha' TE'3F'iS§'£isi3t'%S Endia have iauncfzasﬁ ané pmpsse is iaunch new mantis :3? Wig. G6 has fai§£~3£;€ is appreciate '?;§':e number of new piayersg especiaiiy in Cifma anci Gihea" 30¥:§?£§'a East Asisn cmmtries whazs have begun to» ;}3"$Z§E§L§C8 99:. or existing §2é§EW€:':¥'S such as Caming, Re'.)£§E¥':SiUC§( and News mdia. As per Essaiiéng ecananxiﬁ _Aw.w..-A' ' -;u....,_~\.' \ .

Stigier, superiar Tecimoioggi cannm: maerate as a . "*3'* r*.t':»~'»"-I A in 'Page 2.8 of 18!) 4§»'.11Gn the basis of 'ma atmxse <3b=§ecti<3n§ Transitgrén " ' 49.9 Gm thee issue cf ccumewaéiing buyer pawer, Tramiticsns mdia submhiteai that it has Ewe mam cusmmers in érutééa, if any of me two curzztamerﬁ were ta stag: purchasing iersses {mm it, Et$ businesg m iniiéa wcsuﬁd suffar a serieus seibaak. T2"ansii:§<ms indie:

further stated thaw': the SR8 has cr::su:'2ierv;-ﬂing buyéng ;mw»2:»r as desgsite the fact that GKS ciefagzits in makmg the timeiy ;3a3r:*m=2:':'€:, Trangitimss imiéa mrxrérxg to that gowar exercised by {M3 stcmtimzed ta sasgzgséiy §«an5e5 it) it. The GKS avaiiecé a credit gzserﬁod af 93$? éays £:«::sm;:zarec§ ti'; Bi} days offered is) the others. "§':<ansitEr.:ms. indie aim submittecﬁ that the t§*:r~eats of the fnfmmant for returning the Eenses cef ﬁansiiiszms indie, abiiiiy 0f»t§*§e mformant to sezxrce Qther ienseg are we <a>:e*;=_m;,=§~a=: cicnmtewaéﬁng bzsymg pawer.

££~E3.1.GThe Transﬁjeng imiia an 'the issue sf consent denree by Fecierai "¥"rade Cammissicm submitted mat rm a::§m§ss§<m cf any wmng dcsmg wag mszﬁe by '§"ram,:~§:§<m Cépticai inc. mar the FTC Eew any ﬁnes against it.

3' 0'.

that it is net in a domjgaamz positian. it fart 1% 0 Page 3% :3? 135' E135 not engaged in any c§ise::'im§nam;*g: gxricirzg which cauici be s:-masideresﬁ as 3:': amuse under the mt. At no gseéni in time Transiticzrm maﬁa imgaosed different gwiciszg an ?EssT§Em' mm and SR3. As per Yransitiens indie, §n Niaxszh 33533 it a=:%:e:'n§te£§ ta increase garicag sf semi~fi:':§s%: sirzgie visimz {S¥'--'S\J} Rena:-as by L133 1 and a§§ "games of Preg:'ess%x«*e Adcﬁitiem Lemea {M13} by £333 £125 far Essiios' indéa, {SR8 arm Hmga maﬁa amifmméy. Hew=eve:*, ham Essiier mdia arsd £3318 segsaraieixg Qbjectecé {:3 the gzrice increase. Negszﬂations were iiaizi beiweesa Tmnsitécsns imiia and Essiim india and {SKB on this issae. 'As iransétians imzéia 23 subject to significant {:<:;<umterva§§§ng huyer gmwer em-2ra:§sed by Ess.§Ec3r indie;

§anses.

a1<3.:;3.»~'As gser 'fsansétﬁens Endia, the mica: stsffefed is Essiim india and GKB of Pius were margérsaiige diffexemt based an 2-3 s":eg:::%:éact»<s«s:§ agreement am We-2 gzwizre c§§f"f»:~3s"ence <:a:m<3?; £36: séaan in issiaiiasa.

{EKB was enjcwing 3 izreiiit gcsszrémii 521:' §{} days whereas; the €3i§"é€3'S Page am of am recewed Signéficamtiy Earges" sums E23; way of marketing sugogwri 'that: Esgéior sgmﬁa.

&£§.13TransEtEo:1s maﬁa farmer stated {ﬁat Egsiéar mcﬁa sought its imgmse the terms of 3 2€}§s3 ;3:'§»::ing Jiettar iss'ms:~s:3 E33: T§'a:'s§.i'::im§$ india where it had agreed that there wezmid he 3 mice sorrectéan basezﬁ on foreign exchange fiuctttmtiona gméy if ::he 'E§u<:iua%:§:::=n was +f--3s;'3%. enﬁy {£36 Es5§§«:r:' imiia reiect the grim? Snare:-me, it sgmght tr.) Enmke we iceyms af the Eettey fer" the years 283% and ' 236}? as weiii, resazéting in 3 éifferezxcg between hens ;3rit:e5 far Essiim i'm:EEa am Ska. As mar Tranaitiaims maﬁa, GKE3 was mi: 3 cusmmer in ESB4 ~=::he:ref<3ra them was. :20 foreign excixange armngement in mass %:2&'£;ween '§"s"an5§*:'§s::~ns imiia and SEE. After negatiatiorzs between them 3 gartiaé :'e§axa'E%en in 'me price increase was granted it} ¢;"~.E§<¥:3.

4§.1»iFurt§ser,. as peter "§'rans§*i:§::m.<; ﬁrssiéa, the differencze in ;3:'°ae:e 21:?' year 2633 were, mm: a E'&SLi§'§ :3'? 28% fereign axchaaxige §'§'3<':'f{3§'}af'§iSE'$":

agreed between '¥'ranséé:§cm5 indéa am Ezazaikn" \.»m§::%3 favaumd the V' 'F :'<\ -

Essiém. ﬁansitéssas {maﬁa has: given an E2' ia;§E%:§}=:"e:1t 3 ~. ' V' . . . 3. .

;:3rE(:§m§ that if 'ﬁne Rsmee haci apgsrecsstezti i%:.:,».x,€e§E§*§-6, \, "~'I._ ' 'X {,2 .

Page 33. :3'? ram:

w<3:.s§d :20: have enjoyed the benefit of the Rupee appreciatitm as it wauicé be Eess than 193%,. whereas {3¥f§;B wmﬁci Ezave deriveé beneﬁt aﬁthe apgreciatian.

iii-':.1STransit§s:ms indéé aiso Submivtteﬁ that the game :§iffaren'ce5 with regard ts Hoya imiia were because :2? 38-33 qgzantitéas purchaﬁed by Ext.

«fU3.16Dn% the issue cf saie mfmmaztiezm and custemer detaiia, Transitions maﬁa suisnzitmd that éiisze oﬁzeg' mazmfacturers it is:

aisc: interested ':2: have the cietaiis of me ccmsumers. i-iowsz-':\rer, it has news' czhtaineci this infmmation from ﬁts caster partners. Tranaitims mdia sbjeated that E36 has net given any reassmmg or evéciemce in reaching the (:0m:§us§s:m that Wamsétéans Emiia has ertxgzvmyeci discriminating comitisns in azseiséngg szaies infor"rr:ai;i0n by customers. Furthea", it has; been stateé by Tf'a§'§S§i"§OﬁS Ergdia that ma irzfezrrnatiasn vegarciing custemer ciata was eves' demandaé fmm SR8.

that it has :20': gséaced aw; Eegaﬁ resta'§s:t§:3r";s s:{;a""">\:;§;§i" E6 QK8 has successfuéiy sow' praducts ts the Page 32 cf 3.538 severai years whim demanstraies that ;¥"ransitiz:sns' pricing g:3<)iicy did in cm manner f0re:;§<::se the zwerseas market. Additécmaiiy, GKB had the optima, and exercised time optima, cf ;:ur<:ha3§ng photachmmiz: 3enses sf games' manufacmrers, such as, Sun Senssrs, far sake: in the mserseag masket. "fransiﬁens Anciia furtézer staizaci that regitmaé g-rising gyoﬁicsg iaeneﬁts: aztonsumers. and is weifare enhancing.

=i§.3.8E"ransit§0:'2s Emiia 3230 s:::b}ec€:ed%ta the fmding is?' the ME that Et gzarevents the caste: Vnartners from seiiing the: aid genera~:.':::m prsducts.

:1§.1i'~}{Z}n the issue 9*? exciusive dea§§ng,A Tmnséizicms inciia stateti that E': has s:.:%3m§tie(.i Wm? SE3 €{};:)§E'S cf %agre<-zmemis with we C-aatar partners and it can be seen that it ewes mt require its <:as'E;er partners to exciusiveiy cieai with T:*ems§i:L§ons gsmduzzt. The ciause regarciing tﬁiscmténasance sf saés: {sf PR of czther manufac"wrer's by the caster gsartners in reéaiien to t¥3£:' At:z:¥imates; brand 9'? ?PL Page 33 0'? NB uszder téna agreement and which Es deesriy indicative :13?' the fact that naétéser "fras';sz§':éa:ms §m:§§:-2: ram Transitimz Dgmizai inc. has i:':s§sted on exciugivity.

é1§.;~2§}{}n the issue sf restrictmrz an 'me sake sf Acciimates brand 9'? garociucts, Tyansitiong Nadia suismitted that it 0E:s§es;;ted is the saie by GEE of its awn ﬁaccﬁimate branci namew, Carat HE}, vmiah is a iow emf pmduct but was: garagected as high end ;3:'0dm:t by (am s'esuEtE:':g into miséeading the ::usmme:'s and harming the regsutaticm sf Traszsititmﬁ §¥'2f.'§§a, in asmier to gtrrevent customers fmm being, miséed am'? is protect 3:5 brand and gsodwm.

51}. We §nf0rma:1i: ssicie its re-gsiy dated 26.31.2915 Ezazz aisc med its resmnse 32:) the aizgectizms fiied by the T:"z:.nsii'i<a:1s imﬁa to thee £363 Repart. The :'e§eva.n'c xczzzteratiaszs :3?' the informant, in brief, are: as undenu 58.3 As per tme Enfermamt, DE hag righiixg :i:=3te:'mi:1e::¥ the reﬁevant prssduct market in be mastic pﬁ0m«£%2mmat§c %:re:+atrr':em ~'__,,....M....... H,' .e- .

{_"'PPL"}. The Enfarmsnt has mntenﬁecﬁ 'that 3'-'\.".' c,§~""'V:." '1'.

characteristic:-2, {;Lsa¥§*E.§s«:~s, priceza and Gther a<ixsa§,/;r/xtgﬁfge siéfferi-am: gmxduct as; mmpared in (ER. \ A ': ~ Page 3:?» of ma PEG.

3%.

2 As gas-:2' the infamsarat, BS :5. gm': Emunﬁ is <::;msEc.§er any inters'§a2':iGnaE j§..¥§'§§§:§§"{,i{'iE¥}C§':' as cententetsf by the Ta'ans§tis':ms mdéa.

"1

3 Tha mfarmant haﬁ further coniencied that the csaster partners :2? the»Transit'n:ms indie deai excﬁusiveﬁxg in its PH. Traszsitiema indie »:)§":§'§ hag three caster gsartners. in m§i;.>s.. Essiim', Hoya and the ir2f<3r'ma'm:. The §nfo:'ma:*2>: ex<:§:.2s'w'eiy Saab:

with rm: 139%. cf the "¥':'ans§"i:és::sns: maﬁa téii the ﬁme the ﬁanaiticms mdia stewed tha supgaéées Q? its WE, in thee mfssrmant in Qcmiser ZGQ9. Thereafier, is try am mmimize its E03393, the §ﬁf{'.}§'E'§'°£$:":'i started deaéing in another éarané er? 2°~?§3':. by the name cm' '$0 Fzeactar'. However, it is submitted mat AC? Reaamr dz: mat EVER s:c:m§:3:'%Mse =:1f:;sft§":e saées sf W5. hv the Embrman: and to prastact.

its customm base, the Enfarsnant stE§§';3ur<:.hase§s huge ams:>zmts_of PPL «sf the "i"'ransitim*:s imiia-ﬁorn Essiim and 'as suffering Emge Basses even: zmsnih. Therefore, aifi {mes caster gartners we Transéticzzns maﬁa exciusiveig: deai in his PM and s§n».:e me three "% cf t¥";<--:

caster ;::ar€:n&rs con'§rQ§ more man 8 in the market :3? PPL.

Page 38 of 1638

59.x: We infermant has aim submitted iﬁai: it dikes mt enjey any csuzitervaimg buying myrwer; ﬂag meg' the Enfmmant, if it had T any sari of coumtewaéimg buying gmwer, it weuid have Shifted 1:0 anmther manufactumr af PPL afiernthe T¥as':si'£§m':::»:, inﬁia swpped sugméies ta it in Qataber, 2G(}§. Hzzswever, in orcier is reztain its market shara, the mfurmrssm: is buying PM :3'? time "E":'an:3it§<:m5 mm fmm Essiiar at higher préceg.

50.5 The infornzant has reiterateﬁ the stand taken by it in its;

regaﬁv is the {)6 RE§30¥"{ anti has c0;m':e:'e::§ at the Qbgectieng taken by the Tranaitimzs Endéa.

59.6 it has been denieé by the infmrmam: that the Transitions mdsa énéreased 'the girice arm; fear SF$\f and 9;'-'sE_.s; variant 31' mg Trar':s§tis:ms §m::i§a"s PPL. The mice increase was net mm; fa: SFSV and PALS. but aim for SFFT variant czfthe Transitirms §n<§§a's ¥>¥*§_.

53.? it has been furthev cﬁanied by the mfarmamt that 3?; ms benefiteeti {ream a 90 day cresiit ggerimé. As giser the; infurmant, aftssr the "i'ransitéc>n5 indie: 3§"§3it3'§§r§§y <:hangec§ the $:1§3g§§y c {\the .. A -' \«' '75:; v infmmant and fcm:ec§ the En'%'s:;e'man'{ ti: ta§<§'A.s_'§;§£ A D 03$ ,I, _,\',):g' {A ﬁgzsgapsre msteaci of E23:'2ga§a:"e, the {EEG}? ;3e:":Q(§§¥fif3;he§§;§f V »;§f,>~< ' Page 36 Sf 13%} started when ma imﬁsrmamz task ﬁeiivery en' the Pmduct in Singapssre. Tharefme, the ténae 'za§~:e;'; for Smgmriing the PM Entazz India {ap;3mx§mate§y M days} sﬁgnﬁficaratigr reducm the effettive credit period enjcuged by the §nﬁ::srmant as opposed is the &';€'eL'§§i period engoyetzi by ether caster ;3a.rtne:'s taking s:§e§§ver\; sf the Pm. from Sangaiore. iiurther, the Enformam' hast :0 page" the gmmzsrt duty in" the PM {~wE':ic§'a was wc:r§<<-rd mm the 'mist :::3s*»; when the cieﬁvery was taken fmm Esangaicre) ':0 'the <:us*¥:-ams authsrétv agsfmnt emf} therefczre me} as}: esﬁay' any credit. gcxeeried with regard is the Same.

563.8 I': §*sas aim §I}-E§!3'¥'é cienieaﬁ by me informant that the d§§feren<:& in the prices fer the W5. sf we T:*an5§ti::ms Endféza for the informant and Essiém m the year 38% was éugs ta .3 3864 foreign exchange mechanism agreed between the Transitions mzziia aneﬁ Essiios" wherem the prisze 5? wt. wmid rise: 9: faii onigs' an ::m":'e53£'£e::y' fiuctuatian sf +f~ 123 gercsmt.

59.9 The infcnmant has 'further centandésd that t§'zeM__T .3 3 :3' .,. 2 } 'R R, __,,,>», x-'Ax J1') ' -.'S~ c ' page 3? of 1:323 '\~'l3*-"='T"* BEE?"

ﬁnfmmant anti the same was g:sr0v3de:§ is ihae '¥'ré§v:s;"§:i<3 has been submitted that vitie severai eniaéis, the ﬁnformamt was forced ta garovizie sensmve cusmmer infmmation fie =:§ze_ Transitions Emiia which {ha Enf{:srmant beiieves was passaé on by the Transit'n:::ns mm is the cempetitms cf the infarmaat.

SELAZQ The énfmmant has aim submitted that ths: Ta*ansi'£:%=.3Ans mdia has never conmensated it far the aiasaﬁete ;:}md:.z:;'::s. V: has aiss Essen denied by the mfarmamt that the mavigion in the Acciimates Agreement dated juiy 1, 2988 wherein the ﬁnﬁsrmant was farced to ciismntimxe saies of §}§"E()'{{}~C'§'¥¥'€}f'ﬁ§*C ienses of czthes' manufacwturers in india was never enfinwcecﬁ by the Transivtians mdia.

58.3.1 As per the informant, t.2n.cies' Eurczspean §aws,. certain Eaimﬁs sf ""E:<<:¥u5§ve deaéing" arrsrzgements between sugzpéiers amé distributmg are gxermétteé mi 95333! if the ma:'§~:a:a*.: :~3E"sa:'es of both parties is iegs than 3 9% are their respectiwa markets. Smc::e the masket shares; 0% i3m:h'~:he Tr'an3§3:ir.:ms mdia anti the §nf::.srn°:am. is much more {has} 3%)'?-'5 in their rdeuarzt mar§<ets «:3? ¥'«'i3i., the Page 38 of 1663 share :3'? the Tr.ans§té0:":s india wmsid stmngiy Ensiécate that any exciuséve armngaments with R5 préncigai custemezi-:4 wauiﬁ amount is an a'buse¢ This is b-ecause the iiméteﬁ market. Vpawer ef the Transitians %nzfsia's comgxetitsrs makes the Trangiiians émuiia an unaVu<3%dab§e trading pariner, 58.12 n: has been su%3:n§t{.!.§'A§§ "E:gr the £nf:m':xan*: #323: *:h& Traszsitians mag refused ta suppéy' iis ezheagaer branﬁ {"'§\c<:§§mates"} and therefore préventeezi the infasrniassi form baavmg access in the make: far etheager praduats. 'ﬁns refusai has been tried ta he justified by the Travzsitéang mdaa 23:3-mg the need ""t<3 prevent customers' fern: izzeing mésieci ans} is §::§'€}'§".8€1t $25 brsrid and g::u::=dwE§E". The Transiticns imiéa has mt sufficientiy garaven him:

the sate of the Acciimates brand vmuid harm its tsramti and gstismdwiii,

51. an 2i§.11.2=Z}3.G_, the T:°ar:s§t§rm3 imﬁia has aisa fiied $415 f€*§0§€'é{3E3§' ':9 the c0mmenis;"ob§ect§<ms fﬁed by the ﬁnfsrmami an {E-*L£}8.2Q1Q. We mevam", <:ontents :3? the Tmnsitéims éndéa, in brief, are as sspg .,~ ~ ' ' L. 51.1 On the issué: sf chas1g»a in sugésgzziy cfzam, it haﬁ the Trazisﬁtioaas §nci§a_, the ::§"eange En suppiy chain §»{g§~'g§':~ .

as 'S 4--o-\" .

, av' LN (mg I ~.3 51,3 cﬁuring the meeting hem an aafaa Ncwamber, 28% wherein Traasitimzs imriia, CZV and §nfmmant-- gzzeafiiciaateaci. Transitéanse Endléa agreed that ma comtrata tﬁﬁisimz was taken, §'zawa»ve:',. énfarmant was made aware that the sugzgaéy chain wauid change. Pursuant to this maataiag, iafarmant was mfermea cf the manga §R augapigé chain thraugéa an evmaif dataci 3 §'.~«'ia2*ch, ;Z{3€3§ whereéa it was c§aa2'E'~,.=' §nd§<;a%:a§ by "fraaséaiioas indie thaiz, in raiaticm is apeciaity gareeiucts, 3*: wiié be intraduaténg me change in suagaéy chair: starting 1 sixprii, 203%. Tﬁzarefarea, the .'3i,§§3f'f1§SS§€)§': maﬁa by m'§ormani: thai amfy (me tiagﬁs aaiiea was given £5 faiae and baseiess aaci shouici be £§§s.m§3$e{i.

As {gar the Tranaitiatxns imiia, supaiy chain was ahangaei Enfarmaat given that it ciamandea is ﬁazmch a§§ psmciucts in Ta'anaiticms" giebai pmtfoééo ta gate: to the axgaart maa§<e2t.. 'Fhés was mat the cage with aiaar ::as'ter gsartm-3:3. Furﬁéer, infmmam zzevear ahaiacated is this changa in sugagaéxg chain arm? ratimer wamtaa' that the c3*:aag:=3E:1'§§0ws be impiementea as seem as §,:3sq,_.'~2'§.?:3;?'e:;\ ' .j'«;I'\ x"-.?<.9" ' .-' -\ it has been subrnitaed by tag Yraztaitians -§m:%ia,<'w;~;'§'~§'»:a'*::»:;

{ \i\ T »- n 3 . » .'c: -' chain was ac: chaageci for saﬁas in india and the "§3r:§}d:,z§a\ ea 1 N 'V «"'£':"e"

. ,.* 1» \'\__-6, F-'age 533$ Sf 39% 51.4 far s;-:§«s: En the hwefian market were supgaiied by its warehouse in Bangaéme.

The Tra§':s:§i"E0n5 $510353 ackmwiedges that far the proziucits in reiation ta whim the suppiy chain was c§1§nged, the cha:'g:=:s in the nature as? msmms {iuty and freégm: etc. were required is be paid by infarmant upfron*t. Hevsever, far the §:3r:;:::'2.:s:ﬁ:.s mean': far saie in maﬁa, these charges, §':%<e aii Gt%':E:' caster ;3a:*tners, we:--:re embedded in the mice of the praéuct.

Ba the issues: :3'? ﬁeis-21,: in suppiy :31' praducts, ths: T:*ans§'§:E<ms imtiia has suhmitteﬁ that there have iaeen rm ungusiéfied deiays in cieéiwew by "framitiens mtiéa in infarmant. if i:%'2ere hava been ﬁeiays fmm time its ﬁme-, these were causgzei by infmmanit, ag it did not gsrevide asrmsrate fareaasts :3»? 'his {>r<3ers, am? in same cases rm forecast was gsrezwided as: M. On the issue 01' amitrargx increase En prices, the Transi%:i<:ms Ezzdia :*e%te:*a'se:§ its gtansﬁ §:ai»:en $2': the obgections ta the M3 report ﬂied by it.

I . S»-'.'. ."" -73' 02*: the §S5!.,¥s'~3' sf is-nmch cs'? new genez'ate:§§\';~§.;

"@§*»'~¢r\,__ 'E'rans.'ms::ns indie hag suiamiiied that it had ii}:

"' Page #321 Sf 19% \ ' 51.8 51.9 mfarmant onis; in 233i}? and therefme, ghiﬁt in generaticm, if any, bafa3re'2{3G? Es imﬂevant in st: far 33 mformam és cancemesﬁ.

Qn the isaue sf rséstum <3'? sbseiate grsmducts, it has iiraen submitted by the "fransitisns imiia that infgrmam: bacame its c.<.:stomz~2r (may £9 $1.60?' anti 3:§*:erefc»re, aiaimg 'made by £r§fo:'mant in reﬁatien in generation shéfts Er: EEBM and EGS6 is m;n:.§':§:'2g Em: an aigtemgzet to extract %m0ne's; fmm T¥an5Et'mns mdiag whim. is not iegamr' ﬂue ta them. its psaiicgr :3? taking hack iswentory ammsnténg EC: Srws weekg' average saies 2:21' the pfeziuct wag"; 3 gi»:3E33§ pmiicy S§3§I}§iE:Ei ECYGSS caster ;-'moss aii gaarmers and regions.

Aéditiazxaiiy, were was as abiigaiien an infarnxani to maintain Barge? im*entcn'y.

As; per the Transmans; §nd§3, it ems; takes ba<::§< §3§'O£i§.3EiS ::u;3p§E»:~:<:i 'm their migénai farm and this gsiiszy agspiies equaiéy is aii caster partnefs. E': was under no abéigaétéan to take back pmduct which has zmcierg-gene vsiue aﬁéiiienﬁ. The abs<::§.«:~:s::£m £nf0:'man't was £§{§§L§S'{&'{.'§ by it in their cmtstaéx' 3 2038.

Page €32 {sf in M ml':

0.} $1.10 On the 35559; :3? ma:'E<e'ting funds, the Transitiens Endia has smhmitted that the SS hag «:.<:mc§ucie<:§ that it has reimhurse:<i "me Bnfermaat and '::?:i5 aﬁegatian was; fauna urxsuitzstantiated.

51.3.1 The Trazjzsitians mdia has submitted that tE'te2r'e is RU vertécaé f»'.':s'e{:Easure in the market and there is :10 E:':'spara§:>¥e mass is the infarmani: in tﬁis case. ' . "me Cammissizm has am: heard the eraé arg:.zmen'Es :33' the g}artEes aéﬁvanceité by them an 1S.11,2{}1f3,GS'.12.2{}'1{} anti 23..:¥.2.'2{'s1£} anti aists taken me s:.0nsi+de:'ai:i{>n the regﬁiesfohgectioaas amt? rssjeinders ﬂied by the gxarties.

. The gzarties have aim féieé w:*§'*::es*2 mrnopsis of their mai arguments dated G'§:.12..?.{}'if} and ﬂ?'.,12,.2(}1{} resgaectiveiy in their (Mai and vmtten Eubmissiens the gmrtées have reitarzataé their Vregpectﬁve submissims maﬁa in eahiectimisjcanmwems to the EEG re§c.>rt_ . (En 2{3.1.2.2i3:£$, the iasfarmant has a§.<;r:.s ﬂied additimnai infermaztéorz fdata is supgrsori' 3'? its cage. in its aciéitianai ir2?orma'ci<3n the infmmant ,;«:"'f f'.

vx has net {nought cut any new fact er e\:i:§:em:e be:-'§'"0¥,§;§f$§'k§'~'?'§3E'3'§ ax': '\' I:

'., .-v \ '1'_-('. N -» "En _, and r{--2§te:'ated the argumantg taken in csmments;'<3§3§éi'cti _: .-E9 ':";iri§ $6 ,§< ..*' wk 2::

\ -K? +.- .-%L6 '{§§:";

{E§m"t' ,r",~¢-. +~c'~§)"<'.'7Si»;:£' "\.r_,::::~?iM_L*_#_.¢"f Page 45% -3? Em}

55. The Ccamméssézm mnsidereﬁ aB§ we écicumerzts ﬁﬁeci by the parties and their Mai as waﬁ as writterz submisaicsns and after examining 3%? the reéevarst maierﬁai avaifabie an record, the Cammissimn decicieci to gaeéz Same addét:Eona§ infermatiezm from the £::f:3rma:1t as weii as {ha Transitémxs indﬁa. The Cammiésion srnught We foéimving §n'§m'ma'¥:im: from the g3arties:~ {E} Ari csverview (sf tine gioimﬁ market far g:}h::»tac%'n'csm§<: <:«§3h'£:haEm§c iens {both géass am piagticj inciusiing authgmcic data on thss maﬁzet siée, cemposéiézm in terms :32' market sharas enjoyed hy different piayers, vame chain, §PR issues em {i§}.&.w:h:ent§c>data can ciaznesiic gﬁmmchromﬁc manufacturers in mdia aizzng v'J§'§§": ;:2rm:§uci:,fi3rar*u;§ c§e€:a§§s, the maﬁa Gf nmm3me:dsA, detaiis :32' 'Jaime chair: arm distribwrégan netwarks, miume {units}. ma:'Ee:et shares etc, {':§i}C0;:>\; of 'mi? SWV Repm*t;, excerpt of which has za§r:a-2395»? baen furnisheci by t§1s3- Transitims indie. Am; 0%th!g;;:' /1; -\}''(x\-« " «)2 .~ ' *7

-c report cm the sphtizaéméc is-ms mar§<e'a: in éngigg 6 § 91' the mciian market sheuki aiscs be 5§.zi3:*;*2it}\é'c§;-5 \ .3' ..

» "A v.. .

,5: km Page 443 of 153 {iv} Cam; of agree+me:3i}';3r§::§ng camm:,m§<:at&::m ' between TransE'§ic=ns miﬁia asid Essiiar imiia in ESM, wiziciz stipuiatesﬁ Ehe fsrex féucmation band at +51 163%.

{vmata an the préceg chargaé by Transitions mdia fos" different variants of ienses to the twee caster partners from :«:G{}Ssé?se3 enwards. {iﬁetaiis an mentéxisg basis C§tE§F§'§ éndktating the aiates of price change am? ;:ser<:ema5;;e change may §3§ease be ;:m:wicEe.<:,i}.

{Vs} mi we ciczcuments iinciucimg intemai e:csmrm3r:§e:at.ions} reiating in gsricmg ;:m§Ec:*g, price m3g<>i§atEen[, maiketéng funé commitments, mice changes, ziiscaunt goiicy reiaténg in the three caster ;3a:"me2's from 2.8633 <3nwa:'{:§2;.

55' in respimse is the ahmse r:<:>€:§£e af the Commisséim, the "§ransiti::2r2s imﬁia has submétteé as beﬁazwv:

55.132 -resgaonse 'U13 the mt§ce;'que2s*~:§s;ssmaire at" the Cemrmasian {he Wangétéens Emiia reiterated its argumemts reiating ':0 reievanzt market, zifizvminance and aéiegied amsséxse aanduci.

<'*,';.\ . \',2é:;--.r .--_.' 56.2. Cm the questiun r<-:=§at§r':g is merview 53?

'<1'.

\ Fage £5 3? "1643 marécet whkzia Emﬁucies impmts irate ¥m:¥§z~2 and demestic prcadumticn <3'? phomchrsmic ienses. The ciata avaiiabie with it is omy the import data grepared by Cyiaex Exém Saiutisn {P} Ltd and SWV Report. Emgscrt data suggests that image quamiity of g%ass and mastic pimtechremic ienses are imgmmzzti whigh £5 ezm: s:§efé:':itEve_§ and gives not ciistinguﬁh iseiwa-en ciifferent tgmes. of sgmthaimic Ears:-:es imparted as §m;3s:"t éuity is same far 33: tvws <32' ienses.

56.3.SW\! repart suggests that gﬁohai market :3? ghateahrasnic éerzses is 84.3 Mi¥§§m':, mcéiam market is $3.6 §\»'§§E§izm. The market siware «:3? TransEt§::m3 $315133 far 26% was 2§.£:36 9% En the market fer PH, and far a§§ gzﬁmtmzhmmic kanses its market share was 9.09 '.-3%.

S6.<i;.';ks per {ha '§'ran:~;§iE{3ns indie, it §s ccngtrained by éczw coat manzsfacturﬁg in Asia, e3g3ea:Ea§§y China and it is 3350 C0§'3§'3C¥'3§i'3&{§ by isranded gahetochmmia: asfferingg by other iarge §§:%yers.

56-5-E31!-§§': is net aware sf market share 3'? {}'§§"av"E3f' ;:33a3:er5 mffermg photathranzic ienses 3:: mcééa.

S6.5..As yer the Trarmtions intsﬁia, as far its vaiue chain Es cencerneci, it ,..........

.r"'°:\ .. r V'\ ,,c_'_ "" >.;§*.r __ ' .

partners with fans casiceys is §)¥'C%s'.'§i.3Ce ;::»¥*z«:>tc2c%'zrs'>§;ﬁ§e\ §§\3:§ss&$,'g_ gsravide corrective Eenses {Q 'st. The ﬁansétémns #35 ca" 19::

p§'ze::t.:3z:§':r::;mi:: iensea back it} each migénai §e:°;s caster. These isms casters, in mm, seéﬁ and d§s>::'§butwe 7:0 csmsmners ihreugh whoiesaée Eabs and retaiiera. The consumers can buy thew Senses from Endepéndent s:);2htha§m%:::§0g§sts,' optamemst, £§§£§ﬁ{I§E~}¥'§S,, a;:'tica§ chains, smaiier r'et:a§§%ers.

."I.£)n the questim: of data reiating 2:3 domegtic ;.'2%30t®£:¥%§"€3m§C marzufaciurer £1': éncﬁa, it has been guhmittesﬁ by the Trzmsitéans mrsiia that it has iimiteci autizenticj verifiabie infmmatéim regarding ciamestir: photc:>::hrom§c_ m3nu?3£tL£ringf precessing. The mix; data avai%§ab§e is SWV Reperi.

;.E3.As 332:' the Trangéticms Emréia, §:»a5es:3 on its éntemai estimates out :2'? the tstai 12:} Fviiiiien ienges scséci in Endia, 26.12% are g§ass pho'mchmmic £131 §\&§§EE:m§ am 33% are gsﬁastéc gzﬁmtochrosnic $2.9 miimm}. The Transitéms Eszﬁia has movided a 335:: :3? 31 gshotcxchromic manufactu:'es;'mm;3ames wh§c%*: msarmfacture g:3hc:s':achr:::»m§(: ienseg in wmm er imgzuzwi ;:rc3dm:t in §m:%§a §.§§'t€I3€3'é"

prwate iabei. N0 mfmmatson ES avasiaﬁsie wsth ' ~"

.;5:".' L70 A' te.~;'."-Q Y?"

regarding mar§<é=.'{ :a¥*:as"e3,:*' ixraruig' '«'.'§2='§i.§¢3 chain! ciis€rE%§'§LstEQ§L'.

\ --:_.\V'?:¢ mamsfacizsrers. ?

Page <13? :11" ms 56.9I§"§1e Ts'an3§*i:E0s's$ mxzﬁia has aiso submétteﬁ a Cam: «:3? SW\s' Regmrt for Enc¥ia dated with Gctober 2819 anti further submitted the}: na iather market study ;' yeport cm egmthaimic Senses is in its ;30§5es3Ean.

56.1%). The Trazzgitéstarss mdia has aiss suézmxittad a cram: <3?" 2934 pr§::;Eng hatter issued ta Esgiim mafia which stimsiated {max fiuctuation band at +5 » 1.G':'»6. W'i'{%3 r+es;:3e4:t ta fcrex mechanism and Cﬁéfference in prices as a remit t%2ere::.:'?, Transitions Sadie: reiterated that in 2909, it armsumzed thme ciiffmeszt sets; as' price increase is agmixg Lsniférmw to E55330: media, was and Hays maﬁa. ?.6_% increase was seughi to be impased due ti: fareﬁgn exszﬁange fizxctuatmn \!*~.!hi€§'l was resis-teé by Essiier and GKB.

58.1.1. As mar the "§"ra:*:siti0r23_ indie, Essiier mciia re§ea:*:e::§ the wise increase am} szought is §m~:}§<e terms 0:' ietter for the year LEQQ5 said 260? as weﬁi resuiting in éiffearensse in iens §3§'§{:E3 fag' E5si%<.§r india and GEE. GK8 was not its mxsimmar in 2904 am no foreégn Page 218 Of 163:} mzécémnism agreed between Trans§*:i<ms Enééa anci Essﬁm india, and the ieveign e:>:r.:§'*:ange %'§uc"iua¢:%z;ms fax.-mtsresri E.~:s§§m*.

555.12.. Price :.§%s:::riminat§an is said ti: {mew umier Articia 132 {sf Treaty 0'? Functioning cf the Eumgean ¥.s'n§%0n when "a;:r;33g:ing dissimiiar ccmcfétions m equivaient ts"an5as:t%s:s:*2s with Csther traéing gartiees, thereby mating them at a mmpetitive aiisactvamtage" which did :25':

hagapen in gcgresent case' 56.13. The Transitienés inciia has a'§s<3 submitted thee: infmmation 3'?

;3§'E£8 chargeé in Essiém, Hmga am? SE5 sim m{)¥¥'§".N'y' basis.

56.16%. {)9 the cguestisn of sumnéﬁting of armauments reiaied to micing poiacv, mice negcztiatkm am, the Transiticms énciia hag Vsuhmitted that 3&3 damzments have a<E:'ea»:i'«; been pm\r§c%e<:% its the CmnmEs3ic_m.

5315. The 'fmfzsitions irzdié hag aim aubmitted varéaus zsréezing ietter issued by ES: ta SR8, Essémr india and éiﬁya.

56.3.6. The "{z'an5it§s:ms imiia has further ammitteﬁ 'ma anaiysis £32' the where, and the r§=:aser:s 'mt which, prices: were in 5*"

the reievant :::{)€re3;3<3n€ie'«::'§::e.

Page 139 an" 308

56.}? Car: tixeﬁuestéem :3'? marketing funds, it has been sutsruittsd by the Transitiens imziia that the {§eEa\; if': rekzase er" :':':ar§r;et§:3g funds ice the infmnwsm was attriisutabie ti} ma mfmmsmt as. it was neat reverting t=::.> %§::m'i: ma:'i<et%ng ;3m;ms.aEs.

56.18. Tha Trarmticzns indies has reiterataé that at gm» pair}: in time R:

has ghown any bias inwards Egsiier mdia an :71ar§:eti:1g'f;znds. The '§"rans§ti0::s indie has 3550 submitted a summary «:3? §<.ese3=' :'r:a§'§<e'3;iTng gmgrams undertaken by it and GKB.

55.3.21}. an the §ss:.:e emf specific marketing su;3;::0z"t gzsmgram fsgzr Haws, %t has mess: suiasnéttm by Trans§t§om:~ Erzsiia that its saies; ta Hcya have been insigrzifécant and £:he:'e'§'e3re, reméttsmce far' marketmg fumis were nan: masia->...

§.SSL§ES 5?. {En ;:c>nsi.c§erat§»t3r3 :3'? facts am circumstancag :31' the garesent matrier, the DIE repmt amri the contemmns raised by the gaartieg, Em foéﬁczwing éssues emerge far' cieterminaticm;

1. mfhat is {ﬁg reﬁevant market in thia case?

2. 'Whe~:;h%er the Transétizms imtiia is §<:3mEnan*': m t%\_ Page 56 of 1%

3. if answer to issue {ii} is in afﬁrmaiive, whether the Transitians maﬁa $5 abusing 32$ dmnénant ;m%s§':§0n in v§:::>§at§sn :2'? sszctésn 4 es? the Act?

58. ﬁeterminatéan gf Esme Na:

Reievant Market ' 58.1. Fm de.=.termining the issue Na. 1 the €Z£3n'§m§s:~:E{m has its canséder re=,=Ee=2va.nt ,+:3r<::»du'<:t market am? raﬁexrant, geagragmis: mama": in terms of tiﬁe pmviséeng Qfthe Act.

RELEVANY PRGBHCT MARKET 58.2' Section 2{'{} cs? tha €:csm;3et§t§»;>s'a Am éjefmes 'Teievam: praduct market"

as feiiewst "re§evant gzreciuzzt market "ms-;=.ans 5% market cemprising aE3 xthase gsmdzsazﬁzs as"

services. which are regarazied as intarzhangeabie or sut2st§tuta%3§e2 by 'Ei§'?¢?:5 mnsumer, by reasm sf c.hara<:ier§st§cs :2? the gsmzziuctza er services, then' prices and intencied use;

58.3. The $363 has defined the {eievant gasrodmﬁ: mariaet §,«§?s§8't'§r?!:?'t«qf mastic " '.

, *2,' Page 51 of 183% 3} Tec%m»:>§0gg: used in p§:ot:3c§1mm§:: treatmeni of mastic ienses is ss..:§3eriar and acivamted;

£3} Mere ef'?a£t€x»*a Qhstccmanxic quaiity am ﬂaykening {sf piastit ienses ciua ti} zmifmm t¥1§<:§mess 35 mmpsared is giags ienms which are sf varyﬁrzg tizicknessg T C} Mastic ienses are cc>m;::a{ai;ive§y Eéghter and ::c:::m%'<3r'§:a{$§e ts} wear;

cf} §'='1last'zs: ienses are nmre durahie than giass muses;

{E3 ..,.,.,.

Mastic iensas have more fiexibiiwg £2": terms; :2? ﬁtténg En frames; m various S"§'y'§z'i'S.

f) Effectiveness :3'? mastic ienses in terms cf speed. 3'? §;;h0t:c3chs's:2m§c;

a::<:§v3'£Ec:en and deactivatien.

g} Huge mice ﬁ':ffere:':c.e betweaen giass anﬁ gsiasitk: ;3h::smc§'sr=an':§~:: iemaes.

58.3». The Trans§tim':5 imiﬁa has cazvienéed that whiie §:s§asti:: p%mt»;:»::%*:rr:>mic Senses may have same ad~.r'a:1tages {mar giasa Eengi-:3, gﬁass Senses 3350 same aver mastic ienses in terms :32' gmoii wtics and batter scratch rasistance. f\»'§<m«:-ever, bath have many s§mi§arities,,«§§i"j'2=s~' 'E1 ;.~.<'.,»f.' >»,c>\ czsme in varicms indexes and meme in twm ;;3rima{s; §_3f~f<:sE<3'_' ~94' Page 52 of ma) ' brawn, and bath can be cmizainezﬁ Er: severai ;3§'2c=mchr:3mEc perfarmances. Thus, it has been mnfended $3133'. aéthcmgh there are same differences in bath tames {sf <$phtha£mir: ienges, there is su':3s':itutab§§it3r between §3<3%:¥1 the prmiucts as substitute gtrwﬁazcts neeci net be identicai in be imiuded in the same market.

58.5. CM the basis 0'? (fats: garavécied by SWV Study which has 'seen ﬁieti by the Transitians Aémiia, it baa been gzeéniad GL2': that neariy 86% :3'? the gcshgtochmmic. ienses ssicé érz mdia are in giass mate:"iz-25 am piasatic ;:>ham<:hr:;sm§c §enses, being new entrant: mta the Endian market, have Eimitad penetraticm. §"i: hag been argued thai: therefore, 'there is an apparem reason to miss 022%: comgetitive interpiay betweerx giags p§iC§'E(}C§'3i'Dm.iE ienses ans piaatic p§"n:>tc>cE"=.rm'n':a: Eenses. Tm: Transétions §n§5Ea has $550 §'€3§§€E3€3§ an the ciefmitiar: sf raﬁevant: market as previﬂetﬁ £33; Feéerai Trade Can'm2§ssi0:'a sf Liszited States af Anzeréca in its: comgséaim:

against its parent csmpany, i.e., Transitions €3{}i.'¥£.'3§ inc.

53.5 As per the Camgsaetétim ;f'\§:t, 2838-2, the §<§3'«; is reievam ggraduct mas'§<e'£ definition is $ubs%:3tuta§::i§ét3z or §ni:s3r<:£':angeabE§§:y. As mandated by sectien 2{t} «sf the Mt, ths Zékeiihczad cf §u§:=3t%tx:ta§3i§Et\;

r».

terms 0?' mica, cézaracteristéezs am} intended use at' th Page 53 cf 'iiﬁifs 38.7. in the ;:1rese::i: case, we informant sazemétted that the reievamt gareeuct market %m:.¥ede<:§ 3:33;: 'piest§:: ;3§:etec§M'emic iens' am the Trerzsitiens indke has extended the Emeederies of the reievent preduct market ':0 iacizsde "aii types 02' egﬁzthaimic Senses igﬁess and mastic} that pretest from uiﬁevéczient rays and :'e€§:.s::e giare".

58.8. Firstiy we have te examine the eetentiai subatétutabiiity ef eiastéa phetechremiz: §eng with eiher s§mi§er g:=mz:Eu::ts;. This substituteeiiéty Es essentiaiiey in be determined from the eerseective of e eeesumer whe has a sgzecéféc eemend fee' g;¥as*e redeetien arse pretectien from UV ra\,a:~ in addition tea the views cerrectien that a cieer cerrective ephthaémic iees can proeiiie.

5853. This intended g::m's;3e5e can be fuﬁfiiéeti E31,: three ether eitemetiaxes, nemeisg, tie} ;3%:e=ter;h:'em§c éenses in mixer' meieziaés smch as giass, geeigzcarberzete and mxxex, {£3} eeierised Senses and {C} eresmietéen sungkasses. Whiée the iatter {we aim heip reciuce géare and resmd: UV rays and thus have the ebiiéizy in achieve the same end rerszsiit, they ciéffer in terms en' the key chereCte:'§st§c :3'? f:§§'§¢:§'§is'.§e£:§1¥'«f}§'3'3§C chemeieee«E§£<e ebimx' to change {rem stiear ta da§'§_ W Page 84% of 3.{§{1> Tfzerefcre, fmm mmsamers' ;:ser5pez:.*:i~:ve their gubstétutabékity with ;3h0t0c§*gmn1:§:: Senses is mt mshahie.

58.19. The {3"t§"§Ei" ;:mc;ba§;z§e substimtas are p§':c;~te:s£§'m:>z':':%c Eenses in other matariaés. As gar data pmvided in SWV regzaert, rm: even as singie trivex aphthlaiméc $295 was 3036 in érsdia in 3089 and cianiy 1% of 3.3% agsﬁsthairnic sow were in gzciycaybcnateo Given the very Sow gaenetratézsn sf trivex and poEy'ca:'banai:e in the Emziéan §'¥}ai'§\"v'<'5i',, a reasonzmée variatisn in mice {if piasﬁc photachramic §erases cannot be expecteﬁ is make a sizeahia naming: of E3ug:e:'s :5: switch to thesa garmzéucts. Therefme, the ciesegt §3OSSi§}§E ammpaatitive mmiuct for mastic g:)%'20t0ch:'<:sm§£ iesnses and the ciesest avaiiabie substituie to the consumer Es giass phatomromic ienses, whim have the same g3?:atc2ch:'smEc gczmpertées as piastic pémwchremic Senses aibeét with same; acﬁvantaéges and disadvantages <3? g§ass as an ogzmthaémic materiai aver gséasiéc. "§'here'f::»:'e, the reievamt ;:2r0e;§a.s<:t market muké e%the:' be 'xiii Giass anci Piastiz: P§mtaci2rs.::»n*z§c Lenses' 9:" 'mastic Phs:3tQ£:§'3§'{'}mi'C ':en';:;'s>;s".

58,11. The auivsectien {"i'} of section 1% 9% the Cgm "vs .-'vfg-3 gzrcwéﬁes. that the Cczmmiaséezm shaii, whiie de%e xﬁ Page 85 of 1&8 praduct mar§<e'%:"', have due regarci tr.) aii er any 0'? the fcsiiawmg factors, nameiw {3} ;:>%2y°si::a¥ <:§sas"acterist§c$ 9:' Avsnd-»usa of ggods; {b} garéce cf gcmds cur service;

{C} ccmsumer preferences;

{ti} exciusion of §n--§wuse pradasctian;

{{2} e><Estem:e of speciaiiized pmducers;

{f} cEa%ssiﬁcaticm efindustriai prociucts.

58.12. it is thus. evident that the {:Oﬂ"BE"f'§§SS§{}ﬂ car: take any G13' aii of the abaxze factors in account whiﬁe <:Ie%én&at"mg the ':'e§ev;am': p:'0d:.:z:'%; market' taiimed ta the facts and gircxzmstanses cs'? any case.

58.13. Ca-ns%::;e:'§ng the pmviséans Qf tine Act anti the facts of the grasent matter i am 3g:*ea~meni: with the market cﬁeﬁnitéasn prsvicieci by the 138' Net aniy the péwsicai characteristics cf the Ewe ;::'<3§L:<:ts, in Questimx van;

. . . .. . . . , '.""?§'{%a:I':::~"

ssgmfastantiy hat and use aisc ézifers as hsghkghted Ef':$;~"}§;3'i"§*_.<5)*S::r3_l' Na. K! '~'§:;\'~"\\:s "

3 » . *8 'gag? "' .

¥>aas.t:c ienses engoy a dear edge aver giass Lenses xigsgg .ii§1)£{§§F 5 « w-gs ~..A- G-'K =,:;;; i'. _'\ ,.

Page 55 of ma r.:i'_.;__§§,'?"' ~'"

tecfmeéeggs, greater eﬁectiveness, scorwesséeeece in 'terms 0'? weight, szemfert anti <;€u:°a§3§§ity_ it is aése eetee teas; ever a eeriecﬁ ef time ewing it:

the sueeréer queiity ewe sensumer ereferences pisses: is increaséegiy ;1:'e§en'ee¥ ever giass in ehotecizremic Eens.

58.3.4. Further, there is 3 huge erice eiifferemte beizweee giass and eiastic eho'zec§1rom§c: ¥enses, as shewe in the §3§'§*Ce iésts ef vision Wceéd imgzex am? Beauty 63355. This fact is a ciear eeinter ':%*zei:'%::et.%': mociucts ere net in the same market. Aitheugh, in \¥§£'3W of the deer erev§s§ens ef the Act it is not necessary ﬁe erew sup;}ert. {rem the ,€ur'is;3me§e:':<:.e es ether ceeetries stiii it may he usefszi ﬁe refer is estemetéenei iesisgxrutiesaee en gsrézze difference as an inziieeter for mariset c§e§'meet§ee. Eereeeae Cesmnéssien {EC} has used the existence :3'? ésrge :3E?Efe:'em:es in prices "between we emducizs as an meiieater that they were not in the same market. in Aerespatiaieeieeie/{ﬁe Hesriiiaed, jet Aircraft and Ter§3e--ere;::ei§er .ﬁ's§§'C§'aft were put in different ma:'E<e§s eeeessse gmces of the §'e;'mer were on average twice as much as the esﬁees es' the Easter. The reeseraéng given es-

the EC eniy §eeds sueeert te the eendesiee erawe ':23: the ijemsgfixssiezs.

If e 58.15. in view :3"? the aimve eﬁscessim the ergss.m(?t§3.' ﬁe':

.-s 1,2 Trensitiees mziéa that 36 has ereméseel the reiéieeésgi:

::\ ,\_' . .> -§I§ __\.~ \ V.' Page of we \\ §»r"X deﬁnition sc:»¥ei\,e an the crmeréznn af 'tharacter§stics", which is ¥3£3'»'§: in aczmformity with the Cemgaeetitizm act, 2.832 as weiﬁ as the Enternaiicmai jurismuéence éases ﬁts steam.

S8.1'r3.T§1ere2°o:"e, in my view the reievant preisduct gnarket in this case is 'Mastic Phc:'m<:hr:}mE:.: Lenses'.

RELEWQNT GE8GRﬁz§3'§"§§€Z MQRKET 58.1?" As gear the regart sf E6 the {}E'{)CeSS es"? ;:>:'c:€§:.s<:t§<m of §=*P§. 33 divided inte two ;::xari:s {E} prmtéuciian of substrate is-mg {base ;:srodu»::t} by the caster partners at ﬁifferent iccatians {ii} Phomszhremic isyeatment on subsérate at d§*.'ferent iscatitans of Transition {3g:3t§aa§ inc. Thug the sme sf Transitions indie: {in the wmie praaiuctien $3" $91} is csnﬁned :::n§3; to the saie am markeating of Tzansétmz §Z)E'23§'§£§ PP: afte: getting g}r:3prie~:ar\,«' ;3h0i::;:cEm3:3'3ic t:'eatrmz:nt time an substrate Eenses. Tbesé WE. after the ;3%;::§to¢:%zrom%e treatment are again bmsght by these <:a.~";§;ea' ;3a:'*mers fmm Trangétiens ___.....\w

-.r-_.-7...

inﬁia for cmward saie in vmoiesakzrs and rx=3€aE§e-s"s in 52:2' ' ';.e".'k/:f'f\m'\'.\ the and use of ?PL the reievarzt gesgragahzc market __ :n&§i;§'§ wk 'é; = ?

.. ' . . y 3. 4;» by the Dis as gemgraghscai iascamem 52%' Emma. \. ;:iN.§ p§§,« > r' -\'»y' :=;xe'§:x"

'"--.;....'....-»-"

Rage 5% of 199 38.18. Cm the ether hand the "ﬂansétiarzs indie has cerstemﬁeé that we geogz*a;3E~.éc market casmmt be ﬁmited its iraéia far the 'F033-awing reaserssz (a}"{%3a ma§ar ;:3§mt<:n:hmmic isms manufacmrerg are situated autséde iniiia asfd szmpiy ta den":az'2d gsmerateé m Endia. ib} Lenses are smaié and eccznasmécai to iransport.

{C} Cemmnies, such as SR8, cammsniy can and :53 sszcure muses made from sutsicée Endia for their n*:°.~sa§e within Endéa. in fact, the Eensea ' that GKB cgbtaineﬁ fmm the Respandent ai§ mme fmm gahomchmnzie:

cizating pfants £:::s£a"ceé 7m the é..§.S., ireiaszd, Brazih '§"hai§and and Phiiippines, amzi mt Encéia.

58.19' Section Bis} 0f the Comgaetiticm Ac: defines 'reﬁevant gvaogragahic market' as a "'mar§:e'£ mmgarising the area 'in whisk the conziifmnsz 0%' comgetition far su;3;::»§y ef gcaods or ;:»r::3\:is§(m of servéces as" demand of goods er Services are ciistinctiy homagenaaus anti can be distinguished frem the conditisrmsz gxrevaiéing in the neighmuring areas." I 58.20. Further, the sub--sectéen {5} of sectimn 1% of the M2: garmzidses the 3*» fa<:m:'S "in be ta§s:en Ema accaunt by the Commissian the ; »'\''~' ~ ' V f. "»> "reE-event geagra;::hE<:: market'. it stays that the C0: m§:§5§L' ._.

vi ' r' ."

., K./J Page 5-Q in' am determining the "'reEevant geagragshic market", have ciue regarcé $0 aii 9:' any {sf the fmiiizwing factors, nameiy -

as :'egufator\: trade bamers;

s lanai sfgecification reqasérements;

e natésnai pracurenzent ;3o§E<:§es;

6 atiecguate siistribuéticn faaiiities;

Vs transgcimt casts;

9 ianguage;

w ccmsumer gsreferencesg es need fer S8C§.§¥E or reguiaf sugegﬁies GE" ragsici aftensaées servécesé, 58.21. Therefore, tése Cammissitm in context of any case may take any or ail the abcwe factars mm account is detearznéne svhetfser the reievam geographic market is whaie :33' maﬁa er any part of it. But the bmmcéaries cf r+:~2§evant market cangxci be exi.-endeﬁ bewnci the geagrapmcai area of indéa. ThEs péemise becemea ciear when we casnséﬁer the fact that the mandaie :32' the €.'«3mmEssE<m is to see tﬁai izzarmetition: grevaéig in "time nzarkets in imjia. Furthermm°e, 3 vim in the Ex§:»§a:':atio:': tgwsectic-n 4 csf '\ f"-"W «t' a,_ -' . . 31- ' the Act, z*«;:3;"sro(:u£&d Beﬁew, guts the matter beyond .3 ; a \K:

4:: 'V (5 . - ,. E .'A.- ' .~ 'Exp¥anat:c«n «- Fear the gsurpases oftim sectacm, the gxgige, = \ ' \ \ ' . :5-7 Page an a»? gas It "dominant p<:3siti:3n"' meana a pesitizm of strength, er2}e:>yed by an en':erprise_. in the neieasarst market in Emiia, which enabis-as it ta -

{E} Operate éndapendentéy 0% §:0m§atEt§ve fmces mevaiiing in the nﬁevant nwarket; M {ii} Affect itg cam;:>ei:im:'s er e:::.:msumers as" the refevant nwarket En 3:3 famuﬁ'.

58.22. in the garesent case the "£'ra+nsi§t§0ns mdia is supgsiying the P92. to the easier partners in Erzdia wéthaut any regéonaé mas 3:16 is szomgzeeting with other suggméers :3'? pm whe supgiy in the territow of indie. Therefare, the re§evan*: geogragahic market in the present cage is 'me geegragshism ahea cf India Far the reaserss ststed above the {:{3+§":'{z'3£'§i§~:')§'! sf the Tmnsitkms. Enséia is not found tename.

58.23. {m the £33325 of faregaing anaﬁysis the :'e¥eva:zt market in Wis case is determined as market «:3? ';€>§as't§::: §*hatochmmi<: Lenses in the §._:et:sg:'ag:3hir:a% area 3% Emsiia. The issue N£'3 1 is decided acmrdingéy. ma§<:«rity eriier has aése :ie§'§nea':ed the reEex:an:mari<et in the same nsanm-3:".

S9. ﬁeierminaiéesz :3? igsua ﬁéa. 2 §e},"&' 4 L n - .' .'.~.\"._ ' a "g3=::3siti:m of strength, a=3n§r3ye:3 by an entemrise, in /"

» Page S23. :31' 180 \ in mdéa, x-vhééiu enabieg it in {$3 c>§:>es'ate independentiy crf acsmpetitive fmczes mevaiiing in the reﬁexsani mmket; er {ii} affect its comgzetitorsjor ccrzsumers ar the raéevant market in Rs favour."

59.2. Furicher, daminaneze of the entergriae (Tra::s§tE:ms Ersdia in the garessent CREE} under scrutisw is is he agsessed in terms cf the am; er aii (3% fciiawmg factms Eiateci am in Secztiszm 19%;} cf the Ac?';:

{3} §v'¥arE<et share sf enterprise {b} Size and resoum=3.§ m' enterprise {c}S}ze and émpartance of the cemﬁetitors {ci§EEc<>m:zm%a:: power <3§":he e:'rtes';3:'§se3 Entziudmg ccxmmerzﬁaé adxramzages {wear com;3et§tms {-sﬁverticai integratiatm sf the erztarmigs-as 0:' saie or gervice ne2twc3r§< cf such emergtzrises.

'F 5, ' F 'v 1' C2.

§e%§; 25"' «-.

, E {is Dependence :2? consumers er: the mg} \ "' -2 )5} \: §.'¥!'':':.-

Page 52 of 31%

ﬁg} Monapoiy or daminant positim whether acquired as 3 resuit sf any statute er by virme cf hang a (Emit. ﬁommany er a pubiic seams' um;¥E:rtaE<§ng er atherwise

(h)Entry barriers Enciuding harriers sash as reguiatory izarriers, finamtiai risk, high cagaitai cast :33' entry, marketing entry barriezs", 'B5:-chnécaﬁ entry barréerg, economieg cs? zecaka, high cast 01' s:.:bstit:.sta§3Ee g0a::::is er serxsice for consuzmers §} C<3un*:e:'va%§§ng buying pcswer 3} Market strutmre and size 0%' the market E2} Sociai obiigatisns and Smziai casts E) Remtive azivantage, by waw ef the cenmbutizm ten the ecenoméc cieveéapment, by the gntenaﬁse en§<:>\;%ng a ciazminant gseaiticsz havmg m iikeiy ':0 haxfe an 3p;3re::§abis:-2 adverse effect cm £:om;3etEtéor2 mi: Any owes" factm" wmch "me Commiasézm may canséder rséievazzt fer the Enqaxéryg Page S3 :9?" 13:3 As per the {)8 reggmri currentiy no demeatéc marsufaz:3;ur%ing of F9: in iﬁdia is taking piaize and 3&3 the ?§as3:§s: Pimtoazizmmiez Lenses are being émgmmsd. fn arder to assess the ﬁcminance m' Transitiens imﬁia in the reievant market, the E6 has reﬁesi ugzssn the imgsmt data '50:' the year 2883 and 28639 abtainezti from the regaart of éyﬁax Exim Szshzéicns Wt. am.

sugxpiied by the Trarzsit§ons §ndEa zifuring the {nurse at' investigatéan, S§3.a':-. Tyansétions im:i§3 \:'§€§E: Eetterb daiteﬁ Marti': 25, 381%} 5ubm~Etteti the import data {iybex Exim Saiuitisans Pvt. Ucd-- £xnnexs.,;rs=. 3 5% EM 5% rmort} wéih re:--zgarc:§ ta PM far the: year 2338- am 2é.'}{}§. Tha detaiis :31? the afczsresaizzi impazm: data as summarized in Q8 report are a5 under:

imgeft sf Qphihaimic Lensag in Smiia «2§€38 '§'y;'1:-".- Sum es? waits ztstass 3a3.231 Pkastic Phcstoazh romic Lénses 3.332% {Cﬁther than Transitierzs Lenses} 5 Piaséth: Ph0tCsz:.hs'0mic if-snses {fransiﬁtms Lenses} éi9'3a3--»'~§1 Céear Piastisz Lenses N T 5»'«1?'12425 Pimtnztkxramic E.Ves7§e~s} {Exciudmg Transitimna Lenses 34 Other Piastic Grand Totai I-'age 5:': of mi} 59.5w Taking these figures in accmmt, the: g:er<:entag{--2 <3?" Transétémns india in tatai §:'m_3m"i:ed FR. mmes ta ?8.9€§*£=.

59.6. Furthezg fez' the gaemci 2£}C:§ the cietaiis 0f the import data are as Shawn be§0w:~ Emgmt :2? Gphthaimic teams 5:': india -253% Type Sum :33' aznhtsz (32355 330488 Giass ﬁhotech mmiz: 225238 ?§asii:'; Photcschmmic Lssrsses bther :i.?M?3 than trara5%ticm ienses} ﬁﬁastiz: Phxstochmmizz ¥ensa=;§sT N H T H T1211',7?5 {Transitioné ienses} tiiiear Piastic Lenses {ﬁxciuding M 49295823 Tranmion Lenses 8: ether ;:»§as3:iz:

gahatochramic tenses} Grand Totaii T T 5.'uf"r$§i8 Scarce: wbmitteﬁ E3»? '§"§'a:*:$§§:§m'§s Engﬁa, wiﬁe Eetter éateé marah 25, 281% .»«r*f """'"'t~»\ ,_ e .0.

Eﬁgsbex Ema S<:3§:.:t§$ns Fviz. Ltéj » { K . .

59.73. ¥'i is mated that in year 2{3i33 the g3es'<:en%:ag& {sf Trfé \ M :-

PPL imgmrteti in inciéa mamas is 83%.

Page $5501' 188

598. Furthesi, the Q6 has carzeiateci these figures; s§mwing the mrerwheiming mam-'3': share :33' the Transiiéons mm in yea? 2:338 and 265? in PM sugpiieé in mm with the mmisined market share sf the ds::m.«'n~:n:rean*: piayers Wm €3:{C§§.ES§\2:'.-'.*§\g' éeai in Vim £393. suppiied by the Transitions mdia inciudéng the Enfssrmamc. GEE in Eta infarmz-zfsm Wed befare the Cemmisskrm staireé that the 'ihrsze caster paytners Le' Esgiior mdéa, SE8 am Hays imiia mgeiher i:C3§"1tf€3§S5% ef the indian mar§<£-3:. CQKB stated that E55350: indie, E-Eaya Ggﬁtai and SR3 are the iargest aurchasers ' of PP: fmm "Yramsitiens imriis amé tegether cssmtreﬁ 85% :3'? the inciian market fm saﬁe sf PP; in the maré<é§. The detaéi :3'? the dawnstream market share given by 8&3 in we inf:3:'ma*I:és.::en ':5 a5 fm§§«:;ws:

ﬂmwmgtream marémt ps.3s§'éi€m :3? cagter gartners sf Trarssétéans inéia 73.3313 P§ayerfSLsyers an' tm: ;)E'>'.3*i?i7K'~1C'i{3r-'i-"§.TE {mm Transitians mdia Market Share {$26) SR3 Hi Tech tenses Pvt. Ltd W Essiim Ersdia U4 Hoya Ogﬁicai Endia 4, M '§'et}:t:'as1 ?a§yiem2.es U'?

Other" wheie seiﬁers whet: imp:-rt the generic pmduct dérectigz T{3ta§ Page $6 of 1323 {3i'.'2{}E"CE': GKB infermetiesé dateii jenuery 6, 3313} 59.3 The ceiiective market ahere {sf Essiém ineée, QKB em Heya meie has been immzted by the EH3 tn the meme': s.¥:a:'e of Trensitieng indie er': the basis the': these eentmes deei excieséveﬁsg in the ereeucts ef Trensitéens indie. ﬁt is meted their ties 35% market share of Tveneitiens Emﬁie, as daimed by inferment, is ciese be the market siiare cieriveci fmm See énwgmrt market ﬁete prexrésied 333: Trerasitiens indie. The EEG has ::ene:§=;sde:>§ that based an the abeve imperi ﬂees and repéies ef the {}'E§'E€§" esztitiee engaged in the Eausirzeszs es'? ehetmzmcmie tenses the Tfensétiens indie is the maier gaiegrer em? enjoys the ciemérsent geesitiorz both in :_:p;~;treem and dewnsfcreem mer§<et in the piessiic pheteehreime Eenses.

E3§.1ﬁ.H<3weves", {Ms ﬁeding has iseen centesﬁtee' me' we Trensiticzms indie er:

tern greunés. Férgtiy, that tester partners dc not eieei exciesixreiy with T:'ansit§~0ns and thee market share eesmet be Emgmteti in 'E's"e:'z::§tir;ms irzdka. Seeenxiiy, it has been peimeé cu': that énwpert ciate is eneg inuiieetéxre of the size of the import meme': fer 35% type ef §ense:~: anti dees nee incieszie ﬁie dezzsmestii: peredasctiee, Further, there are intemaeienai s:0P§e.a§:?es:~§ec{:

\.»*'?e"':*»>9:

3 ,/1.. >3' as Earning, whet seepixg §§z:geid g:§heteec.%:remic menomers '2 *"<?§§;';=i§r":'¥:

vii caster partners in W333. The casters here thee treat the? szﬁesrg ' ' . _ _ _ \ ' "'._«, ~,g,._' . ' F -\ <3") ﬂ j . 3 \ .-' \\.v'_: S 4 -

make them ;3§H3teeh:'om%:: and seii with C0-§3£'a§'§d§§':g in the §n:;%Een market. These ienseg wiii net ﬁgure Era the impart data but they may weié censtitute a sizeabie ;'3re§:e:'§;§en ef the gtshetechromic §'na:'¥<et., 59.1'1.Fur'the2*,. the Transitions mdie timing the hearmg before the Cemmissmn ﬂied me SWV Regmrt which shews that in 2&8? siex miﬁiéen PPL were said in mciéa. Reiying an the ciata containee in this :'epe'rt, the Transitions Endive has cieimesi that in mastic gzshetechremie ﬁens; segment, Transiticms 3m§§e':~: maréezet share in 5nd§a in 266? wee mereiy 25.é§'3«:§ {beseci on tetaﬁ market size ef § miiiien anti seies made' by Yransitiens §r:rj&e 9'? 1.5 mélﬁon) arid in View 9% this, 'it cannot be said in be dominant ;3Ea\ger. it has been aEso gmmteti am: that the SWV repert 3550 intéicates the gtmesibiéity of huge ﬁemesik: manufacturing as' PM in india and E36 has faiied tat} aeceunt far these factors' S§.12.%'t is meted. that the Cemmissien seught ﬁe ciarify this gsesitien by esﬁmg the Enfermant as weii as ?"rens':i:iens maﬁa tn prczvide data regarding demestic manufacturing ef Pei. En imtiéa. The Eefermant has net suiaméﬁtesi sebmitteaﬁ any céata in this regareé arid has sought te reaj 3'-

E;\.2\.;'\i Reeert submﬁizezi by it \ '1 .L Page 63 of £63 Reiiabiﬁity' :3? SEW Repmt mgarﬁing damestis: mamsifactu mg 3% $91.

'$8.13. it is nested th.=.-2': the Transmsns mdia has raiseci the issue :12' daznestic manufacturing :3? P93. in india ﬂaring the zxmrse of hearing ixefme the Commission and the oniy materiai in su_p;;3c:rt :31' dmm:«s*'i:%ic manufactuamg of :'~'~'?i. is SWV repert ﬂies} hag the Tfansiiémzs india' befme the Csmmésséam.

The autixenticity of Kim': reg:>m"t is cieubtfué because :3'? 'fai§a3wing §'€:2E:3S{3nS:

S§.13.1. The SWV Regent reiéed cm by the "§'ransiti:;m.3 ind};-: was nest shgred x.ev§th the informant and the mfarmsmzt has this issue. in its régaiy dated 26 Navember, 2816 against "die ﬁbjéctions 'ﬂied by the Transitiims irzdia its the {)8 regsart the Enfagzsrmam has stateti that the Transétéans inciia has saught in raw upazm certain documents ,x'§r2%"cs:'matic>n, inciuding data ::<';3m§::iEeﬁ by Endegesxdent third pVa:'t':e.~':~ and gsurchasued by it {maicéng aézvéams raference to SW»? :'e;:=<'3:"£} but they canrmt be reiied u;:a:::m as tmse <§s:3t:::mamts were mast: szzgmiied ice» the informant because the: Transitions mdéa wr::s':g§*; chimed czanfs céentiaﬁity aver them.

s _.-

"I xi' ':.j" H:

dmnestic manufacturing sf PPL Eaefare SS M31" it " :",A'§@§e§V»:;J ~ -3 .

.» V 3; % Page 5Q cf 160 regmri: before the EH13 whs azouié have ver§ﬁed the ijata centaisze-:33 in the said repsrt. Furﬁzer, as the SEW regzczsrt was neat simpiiezi to 'the GEE it aim degzrived the infmmant :3? the chance is coumter the contents 0% the regzort. ﬁt is aiso aimed that in its resgmmse aiateﬁ :3."

New. 2813 to the quesﬁannaire cf Ccimmésgﬁcm the 'frarzsitions irmiia has acimitieﬁ there is Siméteﬁ infarmation at its peasegsion regarciingg the damestic: marzufacturisxgfpmcesséng which can be tarmac? aw:hent§z:: er verifiable. Admitteéiy, the Transitiens india itseif has dmxbted the authenticity' at' {he report by giving its awn estimation of saie figure of PPL in maﬁa. as the Transitiens maﬁa had} chaiéenged its rﬁcsminanca by raising the issue =::3é" ﬁcemestic manufacturing, (mus was cast ugactm it to sugsgszzm: its contentien tizrougés cogent evidence am":

diacimse the names :3? dcmestic nxanufactzxrers sf ¥>P§_, As has been seen abmre the Trarzsitiens mafia has itseﬁf dczubteci the data ccmtained in SW33' re;3es"£; and in that scenario the Comméssicm is not obéiged to asszsme that tfzeswe is ésmesizizz mzmufa:.:tu;'ing 0'? PPL cm the basis of .<;m:h unam;he:2t§cated ?§§'Z?€3§"?.' indéa aim gets rein'for<:eci {mm thé famtmsa 'S.?.j{'.§§ 3; 3*:

\ .../' 3:'; of 16% in ;3ia::-tie: phatochmmic Sens ﬁndzsstry ﬁua to huge capitaé requirement fer setting the g:§an':s and ms: inveéveaci in deveiaging er acquiring the techn::3¥<3gy to prcvide ;:s%:0t<3c%:mm%£ treatment it: the piastéc lienses. 'it is evident fmm the fact': thai tas::%ma§{';sgy deveispad by Transiticma Gﬁtiﬁai in 1991 far tha most g:><:2g:s::§ar brancia <3? ;3§"${)i€}{3§'iE"C1m§C iensea téday is czwned by Tr'3n5itE€.m 53;:-técaé in: {Transition Gptitai}. Even ne;:w the PP; is a:on%s§%:iarea<:§ sg:n<3nymm:s' with Transitions brand and E': is dear {mm the Emmm: data that ether mamﬁacturera have met been abise to make 3ﬁ'y' gigniﬁcant {fem in the market share 0'? Transitions ﬁn the inziéan marizat.

59.134. Further, the "E'ran;~;Ei:ions incﬁa m its; abjectians ciategi 3.3%' €3s:tobe§*, 2818 tax E38 repsrt has <:.onten<ie<:i that E36 has ignored the exigtence of the fact that there are 33. Companies in me \ke'€.3§"§('3{§.§Sfi gamviéad E338 Transitémzs indéa} whc: manufssciura Qhotecémsmég E»:-zrzsas and distriiaute imparted gxmducts §n Eridia.

59.1'.-§.S.T§2e argument advanced by the Transétiana maﬁa is 563x 8 .

Z: W Page ?1 in' 1:39 case cf the Transitimns inﬂia that 'they are manufacturing FPL in Endéa. i\z'is:§re:}ve:', name: (3% the parties investigated by the £36 have daimeci that there Es any ckzmesztéc manufacturing in india and an the Cc3:"3'it£'a:'y they haw by their avermem'. ﬁend credence is the fact that PPL are being manufactureé by the cemgaanies wha have then' giants Eotated autsicizze mdéa.

5E9J3.3.6.This inference is 5:330 mr§'o§:>:::'ats=:~€;¥ by the §"é§§§§ES :3'? a%;§2e:~::' manufacturers of P91. fiiesi bafme the E38,.

Ei§.13.?. The Essﬁm" Endia, the cemparw having gmup afﬁnE':y with Trar25§t¥{:>z';s maﬁa, in Eta repiv 3:0 the netice 0'? SG, rsiateci Marcia 18, 233.8 has stateai magi: apart §mm Transitéims inciia the fzzimwing mmgmnieﬁ aisa sugspiy PP: in mdian market:

é) Corning im;<;sr;3c~rated,

ii) Signet Ar'mc3rEEte_.

iii} Redenstock Gmbﬁ, Ev} Techtrars ¥3<)§'y'mers Limited, and V} Varioass Chinese e"~JEamsfa%r:ture§'s Tremsitisns méia zmiy.

Page 272 af 1830 5§,13.8.T§3e énfarmant has aiso gsrevided the feiicrswing Bis': cf ma:mfactus'ers :3? $395. wfmge gsredusts are avaiiabk Es': mdian market :

% Ne. Ccsznpany Srand sf PPL i} Transitians Optﬁcai Transitiens inc. T W % '25} Cmnértg inc. Sunﬁensors

iii) RcsdedenstQcE< Caﬁormatic GmbH %

iv) Hays Lens irsﬁa Wt. Transi?ci<ms Ltd. ' T _ V} Covis Optic CG. ¥;i:ﬁ., % SLm~T<:mch Kmea vi} i30Eycc+re Uszzticai Pvt. Sunfh:-nsijrsiin 1 Ltd., S§ngag3m'e partnership with Ccarning inc.) vié} Thai Ogmcai Group Transiticms Pubéic Ca. £.°td., Thaﬁané 59.3.3.9" The §n'fs::srn":ant has aise szsiznmtted 'that Hczya imiia 'aha subs§<iEa:*\,r sf Hays Qgtécs; éagzsan {Sees not sex its Wm bfami S§un*tes:h am seéis 0:22;: Transitiams PPL 'm Endéa. it has-*. further subsnitted that Pcziyczzare O;3=:i::a§ Pvt. §::d.,, Thai Ogtiscai Group and Cavis Optic Ltd, have very Eémitegi gsresw:-:-nae in indian market and they :30 mt even J ,, maintain stsffices or have autimrisesi agents Eng? '5 _,i5g;:* Techtrara Paiymers §.§méted it stated that {$3 " §§aanI'.:

35C 0 Page 733 of 133 Sengors iaransﬁss :23? Cammg me. hut being 21 139% exgmrt oréenteﬁ unit they toe have a very iimﬁed magenta En mﬁia.

5313.10. Sn ihe basis :3? ma\:er§a§ furnished befme him the EEG has s%ubrn§~£:te£§ the names (2? the cartmanies and {hair brands {sf phstac'ha'om'sc ienses whm supgxiy in Emcﬁia as foiiewsz {E} f;ransit§cm Qgticai inc:

{ii} j;_Q§_:_1i;3g__§§:_g; Ceming inc. createzi me ﬁrgt mass--;::'m'§uce:i gjiass: ;;:hat.ochremic ierzses in 33364 which are avaiiabie in variabéers tints sf gray cu' iamwn shasﬁes. The iersses are avaiiabie in singée, bifecai, trifocai and pmgressive sziesigns. it aiso gamduces PPi- ﬁaiied as Sunﬁensmg.

{iii} Raﬁenstackﬁmbh; 'Rue ienses are avsitmie in variabie shades :3?' grey, bmwr: and gjgreen. The PR cﬁevetopeai by it is mews as CO§0?'Ma'i:§C. The iensea are ::a§;*a§:2§e of iséocking time §*;arm*a"s.:=§ uitravioiet radiation 0? the Eun.

{iv} Hcsya Cmgaration: How": Suntecfz is anathezr PM. whiszh changes s::<3§o:'s in varying Eight ccmditiens. These ienssss groin-=.a:*: the was against harrmFu§ u§travi:sie't raciiatimns. ' 55113.11. Thus, it is seen that thssre is absoéuteﬁy rzatiaing on retard which amid paint gut tax the ciamestic manufacturing of the WE. in Page 23:3 Q? 133 ﬁght of the mmbmed share 3% iﬁewrastream <:as.>:e:" partnera which zsnﬁisgutedﬁy oieaﬁ wéth Transitioras Emﬁia dearﬁy estamish the daminance Q'? the Transitiens imﬁa En ﬁne reéevant market -::vf?'PL in maﬁa. it £5 aka seen that amcmg t%*ze% cemgﬁetitars ex' Transitisns maﬁa the Carning indie: Es %m§d§:':g the seccné Eargest market shars.=: after Transiticms Enciia but beérzg ciigtant secsmd with »:::n¥g: 38'?/é market séxare in 799:. in inciia it is harciiy in a positicm is exert say cempetiiive cengtraiawm aver Transitions §m:iia.

S§.1£i.As the veracity cf SW36 :'e;3eri: tzemmes dmzbtfui for the reasons stated abme, the $§¥.§;3§'3GS€{§ damestézs. znazmfaciiumg in' PR. gem méesi out En this sématiem the imprzsrt data gamvicied by the Transétians imiéa aasumes signiﬁcance and in the absence <3'? aw; evhiﬁenite to the cantrary, can be rem:-ad man. in aciditicm ta this, 'she ;::s§c'%:s.:re whécfs emerges fmm the import data gets strengthened by the cambineé market share es'? the three ﬁownstream ;::§ayer.:~;, namely; (SE8, Ezsiior and Heya mm cieai axcfuséxreﬁy in the PM sf "§':"a;"ssitéc3ns inciia w%2E::?2 is very ciose to the market ..-

..-"' J' 5:: ~'(\(:.

by Ts'ans§t§(ms mdia. AEt§':0s.:g%z,. ihé "E'ransi':i::>ns mtiia w-.7 .-x share of Transiﬁasng inciéa armed at icmkéng at the ﬁmgort éajg§"§§gv§ﬁec§ Q?

\« \.,' ciaim sf mesa dcwnstveam giayers that they €$ea¥§'§>§§_§u3'"%"

Page F5 :3?" 163% prcsduszt {mt E? has mist bean ahie ta pmduize any cegent evidence 'as: this regard. in resgsange tea the cmrientisn sf ihsa Transit§Gns indéa that SKB used to deai in the prmiucts 3'? its cempetiters, we GKB has cat:=3gm'ie:ai§y refuted this :;§a'm': anti has stated that tiii the time "the Transétiens imiia S"C{3§3§}§':'C§ suppiying its garaducis ta GKB, it was exciusixtehr {iiaaﬁng in éts §:r<.'.:dLsc'e:s. it is aim noted that GK8 has fsieﬁ a ﬁeﬁiaratisn before {)6 iii} the effect that $§m:e'Ap:"§¥ 2.9%? it ﬁid mi 59%? any PM. in 'imjia cstimer than Transiticns' india am' it gmrchased the FPL fmm other mamsfacturefs amiv to expcsrt them further. We Enfzzrmazxt has submitteci before the {K3 the data ca' WL gmrchased in; it fmm Transitiems am other manufacturers Qf PPL in the: $35': five ﬁnanciai years fax" Gnwarai sa§es.A it has stated that in gzmcentage terms its gsurchase af "2":'a:'2s§tim":s' PH. grew ﬁcam 10.85% in FY 2€B{}éé--€35 to 97.6% in F'? 2G€38--i3§}. The BS mg examined this issue amti after scrutiny sf retards has given a azieaz' cu': finding that sinca GK8 started its hzxséness deaﬁngs with Transiiimns incﬁia it has not made Saie 2:3'? ether Wt in the §m3§an market exaept that of Transitmns 1i:3d%a.T?2§s ﬁnciizig has Page H3 :2? 168 mmpeténg gzzmdums. it is aﬁsa garment to mentiezm that the Trangétions Encfia em Essﬁiar have mast matestesi the marS<e;t share:-33 imputed to the easier partners by the (SR8 and have net gsraduced aswthirsg 1:0 oiispiaca the ﬁndings cf {X3 En this regard. in View :32' these facts, the gﬁea taken by the Transiticms indie is :13? aezcémtnabﬁa and iiabie to be rejected.

5§.1E£.When the §m;3ort data arzé the cemésinezi market ahare :31' <:asi:es' partners in dawsistream maiket is izaiuan tagsther, the Transitéens indie Wm: a market share at' aheut 85% cieariy emerges as a d:.2:m:':ant gzéaxger in the reievant market.

5%3,1ﬁ..§t is 8150 notad that the mfarmsmt in its add§%:i:3na§ ﬁnformation dated iviay 2810 submétted befcre the DE has aiso ;:}mvi~c¥e£:£ ma imgsort Vdata en' PM in reggae: to year 120$}? obtained fmm Tips Sgftware Sewices Pvt. Ltd. {swarm : }_f\f_'e'\i\.*\!.f§§C}S>'E){'§¥}'3:}§_2§_}_'___§'{};). As :39?' tiféa-3i: data in year Zi'}GS3--:i.G {3.1,6€3,«<§6?_} units cf PPR. manzxfacmreé by TE"2i¥!S§'§i{3¥3S mciia were immrted in india mmgsare to 5235:: units sf PPE. 0%' mixer snanufactmers which imgsééeas that the share of Transitinns' PM 3:: Ema! ':mp:m: was mare than 95%. The figure gsrovézﬁed by the isxfmmam', 35 ciase to the impmt data ,.«-A v #9' \ prmsicied in the :'e;3«.::rt cu' Cybgx Exim S<:«§ut§0n5 Pvt. Mai ;»§§m,:; 7' ' .

*6 "§"ransEtE«:}ns india iiiseif. This %add;t§::mai s'aa:%:::::r aim s:s;3p<7K}:$;::the" b~ ° Page 3*'? 0f 3:33 that Transétiwna indie enjays a may managtmy pawer in the market 0'? 995. in imiia.

S§.3.?¢Baseﬂ on abme eriiscusskm, the cententéan raised by the Transitions mdia that it does mt enjey ﬁcminarzt gmsitian in the :'e§e\}.»'ant market in mdia is davaid sfiany merit and is u:1as:c+e§mb§e., S9.18.T¥2e Tmnsitians Emjiz; has aisa taken the mea that the {INS has reéiéxzé soieiy an the market share «sf the Travgétians imtiéa far assessment of the daminant pasition and has mt taken mm accsunt the various other {asters enumerated in sui3~se::.iimn {:1} cf $E.SC{:EOn1 33 cw!" the Act.

39.1941: need mat be emphagized that for zietermining tiie dcsminant positécm, the Cammigsicm in agpragaréate cases may take §:':i::> acmunt any or aéi m?

tha factms enumerateci En §u§>--sectE:::s°: {4} afiche section 13 :3'? the Act and men':icme::€ in gzara 5&2 aiscsve. it is neat incurnégsent ugmn 'the Cemméssism ts necessariiy examine aiﬁ {ha 13 f'actr:.s:'5 'an emzzh and every case. %n Some cases where the marke': structure aiene may net give commete péctasre, the Czammissim may take same athe: facmrs aim in acceunt ta amve at s 5' :5.' g N, aectian 1% 0'? the Act. it has been higiuiighted in tbs §{3§§§:'e§3'§6 s':~=~?

Page 38 of 1%

LI'! {J1 the ::<:3mpeiit::r»rs sf Transitians Endia have iiméted gresence in mcﬁia :33' have mat even iaunchaci iheir praducts 3:: india, their size and imgmrtamzg vis--::'*s-- ﬁsis Transitiens india is rm': of much signﬁﬁarzmce. The irsfarmant has aisas deiﬁed that the SQ has determmeci the denxinamte :3'? Transitieszs indﬁa Qnh; on the basis af market sirzarzez. it has centencied that the TransE<.:ior2s engbys deminamze based am the size aw resceurceg sf Transiticms :;')g3t§s::ai aisa. in suppmt tzsf 5:5 ca;=:'a#:e:§€ia:2r2 ﬁhe infarmaret has cguateci the ciaim made by the Trargsitiszms in its. weiasite and has aim ﬂied the cmtsy cf the page. Thea cﬂaim made by Transiiisrms runs as heiawz ..Z{}."'§'rans§.é:k:n5 Qpticaﬁ is the wcmcé Eeader in aéamive iens technsséogxg M wewear that azijusis its Eight ':2: enhance and protect vision. The C+omg:eam; first i:*:i:z'cm¥;:<,:es;i Transﬁirms Eenses in 3.99{}. Currantiy, was empiogs was' 1,239 dedicates? §3EO;3§E \m;'::ar¥ﬁm.ri_de and o=§"§'er mare than 10%} Eens opticms in the iatest iens materﬁai anti the mast ;::<3;m§a:' Eens, designs En partnersmp iens manufacturers. Teziags, 'ﬁamsitions Eenses are we mast recommencied p§":{:>t<:s::§'::'{>rnic Eases w0r§c§w§:§e."

.21. i note that azsmuiatéva affest cf 'me above fatten; further cormbarates the fact that the Transiiéztmsa india ':3 facea' wiih E§m§':e<§ cc:};:a:§}:3? {E3 5% 3' >6" C ' _"*'l).

Page 'E9 a'?.1§}§) U1 technaiagy emgioyed by the Transitions imjéa in treaténg téxe 5u§as*ts'a'§:e §ense5 ta ccsrwert them mm Pm. aiso gives it an eaige ever the camgaetitars and because af this the mnsumers prafer its m'(}{§£,£CtS aver ether brands. The G6} has aiso some ice the conciusiam tirzat we pmcess sf amnvertisig .3 ciear tens into the Phcztachrarnis: ism requéres agagaiécatian sf chemécai process wE1§::h reguires heavy' investment in Regearch and i3ex:eEc3;3%m&m;. it has tseezi gtateci by the M5 that techmaiegy reqa.:§re{j fer cmversion is c:onsic§ered to be an entry harrier mupiad witéa high cast an Research and Deveézmment. it has aége been meatieneci by the me; as the $3523? paﬁtners are depesucient an the §3§1€I}€{3C§"§E"{3¥"§"E§{: technoicsgy agapiied by the Tmnsitéons §ndia, they dz} ms': have sufficient camiervaiiing buying mwer in re!a's:§»::=n $0 Transitiana mafia. Tfierefare, the cententigrz .i'a§Ss3€i by ihe Transi=:%r;a:*:s mdia is aim factuaiﬁy net C{32"§'€€i.

.22.: aim take nmte of the reasoning given by the Federai Tracie Commissimz :3'? United Etates cf ,£m";s~3:'%::a_ in its §';C3m;§§£~t§E"§'£ against the parent <:0rn;3am; cf Transitissns Emﬁa, 3 mgay <32' which has been annexed .»»i€'**?:*?%7".

with the D63 repcsrt, in §"ES§JE.*{2i is the agsessgment 02° 21- ;;,:s$'mg:s{3 m' 3 "4 - ' , "

V':.-

';

Transétisrms Upticai, WC- The re¥ea:asz~:' para 9 - 11

-1, 1*: .«:: I repmiiuced beiow : \..;:;g<v 8%} cf 13$ ".9 }*"ra':n§.ii*§9::e3 ;3a5::€5ss2*3 manapafgs ;::0W£>i' in the refemnf niarket. Trcsrzsifficsns' sémre 0]' we :*'£=§e2a3n€ .rm:r!<ef has f§€3§?!? at feast Si} percent {ﬂaring each ef the past ﬁve years. in .2808, Trarmiféans' maﬁwst was aver'85 gercenf.

26, Significant and fasting bur:'iers make enfry :°m'o the rwewnzz market dxfﬂcuif. These éacmiers fnaiugfe, Em: aré not !fm;'t€£2' E0:

{.5} pmducf gfevsiogarnent €€3'E3.'5,' {.55} atapimf :'equi.remenis.: {£53} inz?e.?i%ee:tuaI gmperiy righis; {Ev} regu§a'€x3:'3: E"€sf,fUii'€?T§€E3!?€S; a::m:3 {as} ?:"::rzs§t:§Qn5" unfair' inefhﬂds crf aezsmpetftéan.

33. ",?'r¢:::7s:'ﬁ:3:75' mcanom.-'y gmwer is crésstz demcﬁstrafeaf z2'ire::€;';x by its ab:'.:'iz'y to exsfulrie mrnpefimrs arm' to cot"s€ra:' arias. '§":'2:'s indicia of T:'a:2s§fio:75" I?3{3£?£3;}Q§}' fmriude, but are not .:':'m§2:e::f t0 the méaiiity sf T:'a::5i%t§9n§ E} in merce fem castes"; which marrufacmre cmszf gffgtribuie carrective eghthaimfc fe:.:ss3§, 23:3:

accept exciasgfve a'ea:';'r:g ayrrangsememtsg (55,? ii: ;:.m*'::e its ;3ra:3.t:'u:*.f wii'iwut regard is its sornpeﬁiéers' gsrices (2%? to i§??§SB£3S€?

Sigi?§fiC£'¥i?f pn"'::.<3 .s'r3cre::3$e§; am)? {M ii) w§t%:hoi::f¢, st' predisct - :1? few prices, gérfvate is-bef ;;>:'3::2:"::2stf1:':3:?;é; .n§:_~. 'E; i' 5 \ C' «(v <5 §' {5}} :;,¥_}'< Q) .»'"':» 58"

\"f Page 31 52:"

cstm-gumers in the U?'Z*.r"féE's§3" Swiss -~ even zfvetigh Flransitfms sugapfias" if in other' mm',+'<e1*::. "

5§!5.23.in the garesersi saga. ram: aniy 'me Transitiens Enciia is enjoying czmsistentiy very high market s%x;«3:'e as has been seen far year 2638 am? ;?.{3{3§, but the other facmrs mentianeci in the cammaém: fiiea' by the NC for eziatermining the afzzeménasxce «:3? 'frarzsitiong Qmicai, mg. are aim garesemt in a iarge extent. i.m<és'::uhte<i%§~,s, the gﬁaatic p%:Qmr:§1r0m§c ms ma:'§<&t has high barriers ta entry imziasﬁing substantiai msycﬁmzﬁg deve§0;:sme::t aegis amﬁ ::a§§1':a§ reqmemssnts, imeiiectuai gzercrxperty' rights etc. 59.24. m the azentext cf the provésicms of sectizm ii of Cempetitien Act, this fact: has ti: he ascertaineé a:-3 ta': whether an entermise has "strength"' and xrmeﬁzher it has the abiiity to use tkﬁat strength in its favour. Exmanation {3} to Sectian £3. gsmvﬁcies mam; petentiai ways in Mxich such strengih <::::+:.s§d be useé. "ﬂmsez gsessiwities can be examined §s':div§§ue2§§y :3: ifs :3 mmézzineci mamzey, aiapentiirxg apes:

saera that aéi the inﬁcatiws facta >';'E3§Zai3'3:'-3'52 tin Page 83 :31? 3.2133 the fact thaﬁ Transiticnsw media has a gmsétian of strength which enabies it its affect its ::e3m;3se'::§tm's er cusbzsmsms in its favstmr. 59.25.33 the ﬁght of the discussion made in the garececﬁéng paras, i came to the mnciusien that the Transitions india undeubtediy ﬁoﬁﬁs a dzyminant psizsition in the reievarst market cf Wt. The issue Na». 2 is acgterdingﬁy ﬁetermined in the af'fi:*mat.i\.«e.

ﬁi}. 58'31»'E:§'£'¥1§£'!3ﬁGi'E of issue $30. 3 53.1.;-ﬁter ﬁawing determined that Transitigms mcﬁia is enjszyéng é«::m§nam:

§C}{)S§'§Z§s1&R in the maﬁa": :3'? P93. , the aiieged atomiiuct sf "%":'a:'zsit§cms maﬁa are required is he: examined is ﬁné But wha-2'::her such zxmduizt <:cmstitu'E;e 3331353 in terms £2»? the aardvisiams of secticn 4- of the Act. Elmmsséng discriminamry micisxg %n $a§e 3% WE.

60.2, The informant has aiieged that Transitéens inziia is suppigzmgé the $39: ta Essiiar maﬁa at prices iawer man tmzza Ming offerezi to GKB even theugh Essiior E;'zd§a 32363 SR8 aye cemgetitaxs in the same getsgraphicai and pradasct nnarket. £5 gar infarmairt this is a_Jé__ discréminamry gsriﬁmg and a zzéiszriminatcrgs cisnciﬁiti/'§§'%§;:f"

Cr Seaman 1342} {a} {E}.

'.1 U (V ': .

_..

. ﬁx Page 33 of ma 69.3. As regarcﬁ ta the aiiegaiiim sf ciistriménatécm in pricing, on the basis of mateﬂaf cm recmd we agree with the obsewatiens made in the report of :36 that Essﬁas" mdia was mnsiﬁtentiy favereci over ewes' castar gaartners Le. 6828 and Hoya india. in I:';i}{}8 with r»:-zgard ':0 waiving af ﬁSﬁ .25 price increases an pmgressive maducts the obvémss. baneficéary wag Esgéiar indie in whéch the: Trjansiticms india has same indirect iizteregt betause Esséim internammai, garent cﬂmpany 0? Essﬁar' mciéa, E335 ri§'?X£» 3/£a§<'e 3:': Trans§t§e::n:s Gpticai the gsaremt cam:::am_,s cs? Trarisiﬁons. Endﬁa. F:.:rthe:'_. it is mated 2':§";at onLac:::::unt ctr? f<3z"s«s>: fiu<:tu:~3t§:;:ns, isoth GKB anti Hoya mafia %were piaced in disadvantageeus gmsitiezn when cempared ta Essiﬁcsr Endia. As has been bmught sat in D6 s'epm*: the GKB was éisc:'§mina'§:ed not aniy when the {wee deteiioratad 'm 2.806 and 206? and the fcxrex fiuctuatien was fav::2rabie ta SR8 but thee benefit 9'? rupee deter§::>:'a"9;E:m an' 1493 in 2006 and ESQ?' an accaunt cf fares: fizsctasatiozz which resuits mm a decime (3% prices by 14% "Ear Essiﬁor inciéa was mt gzassed an is .---.

GKB. Fu§"t§'§&i', the ugzzwarszi fmex féuctuatim af :.6% whim resuéied 'mm Wzge 84 of 3.8!.) price zﬁifference far 288% %which exigted between Essﬁer mam, SR8 and i-mya maﬁa is Shawn beécwr Tah§& Shsvﬁng PPS, F'r§ce§ fear Caster Partness Prices in 2333 {En ENRE I Pmztluci:

Esaﬁor ' mdex GK8 HPE:-:-.ch Hanya inrcﬁa Greup .¥an~ Mar A;:2:'-- §u§a,;-- }anw Mar Apr- .%an- Ag:-.~"-- Feb jam Bea'. Feh Be: Mar {Dec Generics Fsv uc 1 5 23.3 2:13 353 253 2:18 292 25>; 3:32 302""

FSV ac 1 1.5 23: £32 am 2:64 mi» 31¢. 314 324 324 5z=sv U: 1.3 339 32? 448 443 3&2 342 422 395 482 SFSV HE " L5 353 355 ma ::z?;>, 3%; '-37'; 45:. 429 515 ST 28 UC 1.5 445 mg. am; =f£'}'6 55:3 54.3 553 553 % ST 23 HC 1.5 % an 458" 595 :05 5?? 5?': 5?? % S8? 52?

€+3(}.z'£. Even a curscry gﬁsmce at the tahia c§ear§y shaws that Essiim masa prices are much §ower in X36139 cmnparecé to SR3 and Haw iradia'. The abaxve discr§m§nat'mn an grizzmg en accaum: of fare}: féucmatian was Eizseif reaiized by "frarasiticm indie whereész it has: r'esa:3rted 1:0 §:'§;}.§,:e_m:_&;1§ the .4/_':« R}: 'W ' .-'~-.

unifonn précing fer 'iﬁe castes" gaartnmg with z*ega:*§',.; §' § ' fiucvtzgatian fmm 231$ onwards. Thus it Es mated that Tﬁnggfiti

-- p 7 ' ;~' {M '\"§":

Rzage 83 C)? 1.935} : . _N\1 fr' 6&5, Enduiged into 'the price diseriminatiers in favor its greuewasseciate §.e. Eseiﬁor méia ever ether cemgaetiter in f3.0{38 am 238%.

The sﬁiegation «:3? imeesieg eiiscrimieatery ericéng in saie :3'? W: is estabiésheeei as it has been found that generics gmzzeea were different in 2008 anti 2889 for GKB arse Essiier indie. We eiea 0'? Traneitéons Emiia that due 2:0 teams cf ericéng §8'€i'.E§' of 2635. with Eﬁsiier the price increeese 0? 3'28 % due to forex fiucteation was met passed an in Essiiar cameo: be accepted in View 9% subsequent ericing ietter dated 13;l{3.2{3€}6e which prcwicies fer mice cerrectiee on fiuttuatim :3? + E -- S % {A:me><m'e~9 Page 183.}. Agent from the above eiea the Traesitieens indie has not gwen any econcmic ratienaie to shew that discriménatery mites were adapted with a view ':0 meet the comgsetitien. Therefere, the safe hr.-3rb<3re pmvided in the Exgaianatéon '£0 secteicm »i{2}{a} Es aise not ava§Sab§e to Transitiees indie. The eiiegatien maee by GEE with regard tat} s:¥iscr'im§netT:c3n in g:)rie:ing by Tranaitistms indie in cemtext its other casnter § j' ' gaariners £5 found to be eutsstantiated based en iihe {ﬁg fer véeiatéen of section 4{2}{a}{i}.

Abuse mi' Exemeiee ﬁeaiinge Page 8% of 135 68.5.

E3{}.?.

The mfmmant has aééegeci that GKB Hi Tech is. being 'fmced to seié the Fmduct {if the Trangitians indie an an exciuséve hasés and is mm: aiiawed is seii simiéar Pretitsct cf anther mam.zfacture:*s wins are campeiiéng with Transitimis mafia hence comgsetitors cs? Transitions irzdia are t¥':ereby exciudeci from casngsetérxg for tha buséness :::»fG§i8 3%? Tech. Such gzxracticss $3 3 restrictien cm the market as ﬁefined umier Sgctiezw -€§{2}{»b}{i}. it has; 3359 been aééegeé that apart from the "Transétior3s;" brami, Trarzgitiorxg mciia has ancxther Pmduct by the name Sf "Acc§ima'¥:es"" which is cheaper 't§":an the "'"E"rar2sitE::2:':s" hkanﬁ. GKB HE Teth §rs'te'r2§e::§ 22:3 seii Ac:c§§ma§;es in inﬁia after 'same additian by the use §§é€§f(}f3'1": m'egr&ssIve technoiagy ever we 'ﬂkcciimates Praduct" in maﬁa: is he made avaﬁaigie to the c{:m§ume:'5 in india a cheaper brami as? the Woduct. Hawever, T:'ansiti{m.5 mciéa E+n'amedEate§y stamseé GK8 %-éi Teach fmm doing 32: and ther%eby prevented saie of a cheaper garoduct in ﬁmzﬁa. "fhis £5 a fE$i3"iC"tiQn cm the market as e:§e'§§ned :.m<§er Seciimz 4{2)(§:2}={E}.

in this regard the Tyangitians in-tiia has staied that it has mt erztaréci Ema) any exciuswe deaimg agreements with the afommemticmed caster _,.

% T , «f7:

mariners. it has fgzrther takezrx the gﬂea that far Page 3? sf mi} Tra%ns%%Atian Cptécai US prevézises 9:' $9 restricts GKB» anti/or its aﬁﬁiates to zeﬁi §I.%hG"{Q€2§'3§'{3>¥'{'!§C ienses sf Qther manufactures in émiia. Transiticzn mags stated that the saici restriciian ciause was nave? enfarced against GK8 either by Transiticm Endia er Transition ﬂpticai, US which is evident {mm the fact 'that SR8 gmzzks anié séiis §§"{}{3£,§CiS {sf its csmpetitars aim. The Transitians mdia sukzrrzitteci isefme £38 a came' :3? the ﬁescréption sf prmdzzcts {avaiéabie on 5&8 website} is suhstaﬁiéatg the 9583 that GEE in fact seﬁis. Sam Sensms {§3§mtc~::m'emic Lens bramgi sf Earning me}.

an F7' 0::

' . On the Gther mad GEE vécie §et%9;e:' data-36 iune 11:1, 2819 {Anne><ure«22_} suizmitted befme D6 that since it eniiereszé inks busmesg agreement with Traﬁsiticms mdia fmm Ami 2Q{}?s:»r:wa:"<3s §'§". has am said PPL in mdian masﬁezet, ﬁ{3.§. ﬁn perusaé :3'? the recortis the EEG came is the mnciusicm that €33<.B has net made any saie cf mixer PPL in the Enciéan magkezwt extegst that of Transitien mdia.

6{}.:i.G. in carrier tszz verify "the exciusmty a§§egat§<3n 91* 83:8, '¥'s'ansi"ticsns maﬁa ___ uv.

- "'r*:.-'~'x~' 'Y!-4. -'R 'N ' ~ .

business agreements with the caster partnerg farm' ->s3rCa¥3"sI§n§~: fagggndga ._;\: Q ,. A' «~_:\ 3 rx _, \ ' L . . . . . \_~ 4. 1.» were caﬁed far &>:amm.3i::«;)n by we BC-.«. Faiiaxﬁsaggdaﬁr qwére ' {:25 "2 .1 2:

' 9 " 5%..-* Page as was suéamitted by Tzargsitéana érzdia with regaré to the tarms and ::m<:iit§s.:ms 0? busmess agreaments with 63KB: % ah P'r€s:ing {setters §$SU't":£§ €33; Transitisns india ':0 GKB frem time 'K? time.

bu) Letter agreement dated 2% Feirsruarxg, 20$)? between Transétésn {2:;3t§«::a.i {US}, EKS am CZV; in remien in tha saie ax' TE'B§1Si'i§OB'§S V {W} ienses.

C) Lemar agreement dated 11 May, 28$}? ixeiiweerz '§"rans':t%0n Gpticai {US}, GEE amﬁ {.Z'»f, in reiatian ':9 the saha of Transitions New Geneyatésxn {NS} ierzses CE} Accfimatess Lenses Purchasa anti Sa§e ﬁxgreement dated 1 .¥uEy, 2088 between "§"rans§t§a::=n Gpticai {BS} and GEE, in re§ati{m m the ssaie Q1' Acciimates Eases 56.11. On examinatésn m' the farms am s:<;m<:%§t§=:>ns of the afaresaiii documents it was m::s%;eﬁ has tha {M3 thaw: in Acciimateg agreement dated iuiy 1, 2308 the exciusévéty ciause ﬂees éxisi which prevents gm mater partners ﬂan": seﬁing _:3§':c=t<3chmm§:: ienses <22' ether manufacmres.

68.12. Or: perusai of the afasiesaié agreement E ﬁrm $33': '£338 'fsiiswing ci'au3s:-1* 0'? the agreement restréms :3: pfexsents the easier gartner fmm seiiing the gximtachramic Eensés cf other manufa£tus"ers and anfarceg 'excias5iv§'{\; :

.5 L) _/ .

"{§V}{C}: Suppﬁy and iiistriitsutizmz {1':.:st«3me:' .af%=f 70%' .'\\V.-

s':.~'. .; ' étseif and its Affiiiates, mat it wiii §£s+contEﬁ.s.sé% 3a the E Page 39 of 1&3 ' \\\_;~ A '':A_'_.«' Territary :3'? phctechmmic $633565 of ether mam:sfactus'es's, if am;';"

§Q.13.The terms and cesnditians <3? théz business agreement of the ether caster partners Le. Es.~3§k3r §ﬁ[d§.a and Heya india ;.:r{.wide:i by "§"ransif:<;3n india weave aisa examined by the {K-3 and it was faund that the agreements of aii the three 235:3 partners are in confarmitg: w§th each anther.

60.14. The fact that excﬁusive éeaiing W35 &nfcm:ed an caster g3a;r'mers gets substantiated by the resgmnses suéssnwitteé by ether mstesr ;3artn&rs; BESC3 during the ceutse 03' investigation. Esgiiar mdia atateé that it caters to gmemium segment products hence saurces PW. fmm Transﬁtiorss maﬁa oniy. 'wétfz regard tat: Haya india, it was mated that it 313:5 its awn brand :3'? s'1~'Pi. (in the name of Sﬁntecéz} wmch was not iauncheai in mdéa. The {N33 has aiso noted that as Haya indie vices nm deai in aather hrand viz. Cszmrmatic, Sam Sensms it can be inferreci that the ether twa: castes"

gaartners i.«z~:. IE2:-iior india and Have iindia aiss e:<s:§:.:s§ve§y desﬁ with Transit§{:>ns imziia.

',,,."\.M."V,_V~ . \ '~ «:-3' $3.15. §1'm'the2rm:3re, the aiieged factum 3239 gets. strersgther}E§5bs%'§§§§?¢i:Q;§'2g~§*¢' . 3' f 2' 4' » '_g the cantents sf {ha emaii s:iai:eci jurze 8, 2{}S§(An:1exus'é:§§ 'i ~v.w.,..,..,...-v-' «' \.»

-.,-

Page am :31" mi which was sent from Bevan Paw {Transitéens india} to GK3 wherein it is fawning or restricting GKB {rem seiiirag QB' makiszg 'me Sunsensars avaiiabie m the t§n:3% Mumbai baseci deaéers Le. Eye Care and Sunayan, 3 after censiciering the entire evidence an recesd came {:3 the c<"mc§us§<3n that Transitions maﬁa siid prexrent er restrict its caster gsartni-3:5 fmm déa§§ng in the PPL {sf mther cempeiing manufacmrers. Hence, the a§is.«:»ga'tE:;m regarding excius§v<-3 sieaiing mack-:~ 'ms GKE3 stands aﬁbstantéateai based on the exsidence avaiﬁaisie an recercis.

853.15g in fact the Tranamsng india has admitted that witﬁ regartf is Acciimates hrané sf praduct thefe £5: exciéusivity c:¥as.:sa in the agreement entered imfa wéiéx GKB, Esaéicsr Endia and Haya Enéia. The défence of ?s'an;~;%i:§en3 Encéia that such dause was net enfartes' is mi 3 vaiici ju5t§§ica.tEon. Because ersf tms aﬁaassa aiss: the markethef PFL has: been smught to be ﬁimiteé X restricted. The camiuct of the "fransitierzs Encfsia certainﬁy amzzeuntg ta viasiatian af section «f:»{2} {ix} {E}.

60.1"}, "rhea 'T:'an.s%tians imiia has aim amniendeé that even if time x demonstrabie an':E--::om§$3':%ti\:e effect has Seen S§'i§'.$\e'<»'§"§ tg'§!:§Ea\ve-'E?

\ \-x va-

\ 9 -"L..' *"' ;'§'\~'»5.'-"

.'."' V 9 ~.

due 1:0 these Eenducts. On the ce:m*t:'ar~g, the gr::>\§x1th§ cf -

'xk Page 81 of 193313 increased smce the tinna icmsﬁness ties beiween the Transitions india and GKB were snagged. ﬁt has been further argued that intemationaiiy uniess actuai antévcnmpetitive effect can be snnwn in the market due in the any mnduezt Q3' 3 dnminant entity the cnntravention is nnt feund. it I has aiso cited the extmcts fmm the Guideéines isséned by the EU.

663.18. A piain reaeﬁng of the refevani: g:2mv§s¥c»n5 of the fact reveas that axncﬁm the iinnxpetétimx Act, 2832, a sgzzeciai anci onernus resgzcnsébiéity has been cast an inn dnminant néayer in the :'e§evani: :mar¥<s:te For ﬁnding cnntnraventien cs'? Snctian «ﬁg, it is swfficient if it can be shown inst an enterprise is imzsiding a céominant gnzssitinn in the reievant market and it has induiged mm the gzzrahibited cnnduct ennnnxerated in Sectinn 4 for whéch it cammt provide any abjéativez ecnnomic jasstéficatémn. Dnéy in case an' predatcsry gzricing the intent in cast canisgsatitms er in reziusze the mmpetiﬁziﬁn is required to» be seen. Fzarthszr, in $359 9'? imncsitien 0'? zfiscrinainaiong or tsnfair wnditinns in gain an' nurchase :3? gnasds or Services an in mice the onéy defence {men in the cnntrawening enter;3r§s;e is ta Show that :.::.:ndz.n:i was adngated with a ﬂew to njseeg the :5 fa TE cnmnetiténn. Apartfs'nn";t§1ese sétuentinns, the Act does rxcggx if z.» , 'Q.' ~:,...

€' Q3' r'N \+ i in order in ﬁncé infringement in? Se::tE«:3n 4,. furtnnr t3C{}f}5§Z?,{?f¥;ﬂC a , . \ -

\ :>'>.;\.-***' ._I'' \ Page £312 of mi?

the acta;a§ effect an the atcsmpetitiezm in the re§evam: market is res;u§re=;:§. if the Eegisiature in its wisdcsm has rm pmvided far guch Eegai requinement it cannot be read ms the pmvﬁséons 2:33' the Act citing the concepts <§eve!oped in Gazer iurisﬁictiens where Haggai structure ami E*COi'3{3§"¥'1§C scenazie may not be exactiy same as in inszﬁia. Even in the decisions of the (),"C§'§E§' juréstiictisns, a muck stritter res;mns§b§¥itgr has been piaced on the dcaminant piayer because £223; virtue 0*? the GKESEERCE' af daﬁminant gxiayer in the mievant market, the strascture ef the market 35 supgczoaed ta be aiready weakenest in §<33M8ENAT'iQNST§%RéF Case {ha Berim Ccurt ea' agagaeeﬁ atateﬂ thastlan abuse might be presumed if the conduct mi' the dominant undertaking 55 mi: wethirs -'she b:::un:3aries is? mmpeiitian an the merits and if the ma:rket stmcmre is fumaer worsened by the umiertaking ta gczrasfeumtiiy restricting or ever} eiiminaﬁng the ccampetitéan remaining an {ha mamat w?';er£~3 WEE un<iertaE<;§%ng hiaicis a dommant pmsiticn.

68.13. Further, in Heffmarm ---- Law Sacha {2.'€3€.}S} {R} Camg L Rev the Eus'0;3ean Com': :32' Justice C<£}¥'§{jE!'¥'£§'1€{Z§ a retsate that wag when a ..~*"_ . J.~\.¢ 'A K ' custcemer agreed ta abtam aiﬁ car a speciﬁed sﬁg' § gtége of ifrs 29* 2.?

1*':

§'&3C§i.3§i'€:i"s'$€-'.'f'£'{.S frcsm Haffmannia Roche by . . 9-"! A 'Z Q Vi { £33 0%' 13% '...ob§igati:ms cf this kind ta attain Suppiies exciusiveéy from a §3art§cuiar undertaking, whether er am; they are in consideration of rebates er 9'? the granting ef f§cie§§'£:y rebates intemied to give the purchaser an incant'n.»*e' ta obtain his augapiies e::<{:§usivei\; fream the undertakmg in a éanwinant position! are incampatibie wéth the «abjectﬁvea of undistorteﬁ campetition within the common market, because ...they are nut based on an aconcsmic transactiaa which gustifies this burden :3: benefit but are-3 designed in ﬁeariva the purchaaer sf or restﬁct hﬁs pcrsssibfe choices of :«;m.s:'ces af suagaiy and to deny anther prcmiucers access to the market.' ' 613.28. The Cami reached that mn£:§u5§;s::.'»r2~ wiahaut aagessmg whetﬁer the rebates had am; adverse effects 02': the marksat. The EC} rather assumed that these rebates weaid drive other campatitara am: 9'? the market and gzrovéde Hoffmann~i.a Rama with the gaassibiiiaty sf raising prices to the diaadvazftages cf censumers. Hsrthernmare, the EC} heid En aaragraph 92£:"....tha cancaat 9'? amssa és an amecﬁiaa aeamzegt raaﬁafmg m the baaﬁavénar 3*? an andartakéag in a éamiaant paaiﬁan which is such aa ta infiuanae the stmcture af the market where, as a rasuéi Q'? the vary prasan ca :2? thea uaéertakiag in qaestiazx, the degraa sf camaatitﬁan is weakeneﬁ and which tkraugéa restmma ta metémds d§§:§a£a§;;§; fmm in.

aa, .«--""'._ K;

. * Y ' Li"

">3 .-a Ziw -

x;( :54.

'maﬁa which canﬁitéan nem*:a§ camaatitian Sn praﬁwfg "r%'»Jt3'?_:' , the basia Q? cammerciai aperatms has the e'§"§ec%;-*a7_;\§a' -

/ ' A:-'16 2 Page Q4 of 13% maﬁntanaﬁce a? me degree 3? mmpetiﬁéma gtiéé existing an the market er the gmwfh sf that csmpetitian.' 68.21. The European Cmzrt csfmstéce atimgtsteci a simiiar appraach in Michaiin xx Commissiezm imiszheiin i}. in Micheﬁn V Cammission {iviicheéirg H}, the (Ir:-urt of First instance {¥'i%Z}\P»e' Generai Caurt} reiterated éhe arsaéogy taken by the EC} in fx«'£i£§xei§n i. Yhe CF: examined existing case iaw 321$ haw where abuse has men éeﬁneé is': case éaw as mrzduct having the effect 3'? hindering the maintenance G"? icﬁm ﬁegree mf mmgzetﬁiﬁen stiii existing in $33 markat $5 tiae grawih sf that mmgetétian, effeszt times mt necessariiy reiaie ta acmai effect Ts estzabﬁésﬁ an infringement, §t is enmsgh ta sﬁmw thaz carsduct sf the ﬁosmnam. zmderéakings tends: is restrict cemgetiiian, e? is cagahie ax' having *.:§:a*c effect.

68.22. Even timugh, as $233 Eager: brought gut in gaara S118 shave, imder the Ccempetétion Act barring the situations as ¥:§gh§ig§':':e::§ above what is requiyeé in be seen is the kind gr form 9*? the ctmduct and posséibie dismrtien of camgeeﬁtién and mat the actuai a-tvffa-:(:«t:; sf the cmduct cm the market but at the same time it casmai: be cierziaﬁ that the abusive v"_,...\~..

ccnziuat. cf the Transitézms india fzmné eSiE3§3§§3hEf€}z'§% {he competitisn in we market. Nat zsnhg it has fesés K ﬁzge of mi} Eormsetétion in the ugssiiream market as it hag denied access ta the compétiters sf Transitisms Endia by enfaraing excéusive cieaﬁng an the domrnstream ;:;§ay&rs but am has aﬁverseiy affected the csmpetitmn in tbs dcswnstream market: £5; regcrting ta a:§'i3crEm§natmy gtsricéng in asrder ta give benefit to Essiiczr imiia an a:-2nt§tg: with which it has gmu,r.:2 affénity.

Na muse estabiished én ﬁaéﬁawing canﬁuct 68.23. Though the D6 has camziueaied that Transitions éndia mandates GK8 ta submit customers detaiﬁ %ais3ng with S?x§§ESS infarmatien as par me fmmat pmvidsd in .&nnexure--3iG hut fmm the §13Ei'L£S3§ of the same K is evédezit that the {5§<B has ram: been mandated to fu2'nis§: the cugmmers detaii, insteas::3 it indicates that data may be pmvideci '?re*Ee:'ab§y Custemew wise.' The Transitians inciia ms. taken the pigs that neithar it required any cusmmer data §'"mm GEE nor SR8 has ever proviéed saith data. This piea has is be accegeted in abzence 3? any materm to the czxntraw. The sates data is resquiraci it)' be gamvided by Ed? caster ;::a:"mers Em; proﬁuct categaw and £{3E.£§'??I§"y'--&*fiS€i with a View :0 assess invenmrx;

re»:;u':remen'i:s, effectiveness of marketing s::amg:.saigns e_;§:f'>~

-3 .

seekmg Saies Sam.

Page '35 of 56.24. As {set ms the mechanism 5:? Transitims indéa regarciing r'egim'2a§ pri::ing poiicy and the provisim far recs:mc§§§ati0n Se:-3:155 til} :'estri§tian an exgsorts by @318 vghith asnmsrzis tn immsitian sf unfair =:0nCi¥*tE::m in saie of PPL. The TLram5§':§ons mdia has taken me was that %t has tzever prevented any caster partner fmm expsrtﬁng PH. hut beaause of ima- garicing difference in india wis»é~vis ether countyigs it (arm; insista cm recencééiaﬁzsn in sage af exgﬁsrt fmm mdia. Qtharwiss, tha GK8 wﬁii buy cheap in india and seii dear autsiiie where tinge prices :3'? same ;>r<>dua::ts are Eiigh. if this is aiiaweci xwithaui s'&c{3nc§§§at§0n it w§§§ ciistmt the Transitiimg overseas market. Tése gustiﬁczatien fer such a mite me<:han§sm given by "§"ransii:Esn.: indie is vaiéci me and en mi; acmunt vioiation sf aectmn £i~{2}{a{§:} £5 mt maﬁa :".}£3'§Z. $8.25. The finding cf BE: Wat '"frans§ti:}ns irzsiia mevenis saie of cities' generaiien of ;3mducts $50 dams ms': zstarad ta {eases} as per the 33:3 remit the GKB has not crsmy hear: given 13 monthg' time 'sit? gzéiase ma:

sis-er geueratien gsreduatss but aisa an return Q? the ahscaiete gradascts it has been sumabiy reim¥;}u:'sed. The "§'ran5§*t§::ans éndia ::.4aA:3n",§:2.tw.b§\j'z3:ce:=.£§ Page 5?? of 1:233 §%.26. in mpiy to the conciusicsn of 36 that Transitkms iméia has mat sestricticms :32': saﬁe 3%' 'Carat H32: Acciémaﬁtes 'by GKB, the Transétians indie has Submitter} that it has abjecttegi we af mat ;:m::»s§z.:::t; because (M8 was seiiing .3 km" em gjmciuct Qvhiﬁé prajectiag it a5 a Ezigh end gczretiuct and this was rsjone ta: maven: cuamnwers fmm icxeing misieci and in protect its brami and gaczdwiii. The raaseméng of the Transéticsns Emiia apmears ':9 be smmsi as even; enterprise is weii within its :'§g§':t is ;3:'o?:Lee:t its brand and gaadwiiﬁ. Hence, ms xdaiaiion of section z${2}{b}{E) is made amt.

632?'. in view 9*? the fmegemg aziawsis i firﬁi tﬁaﬁz the Tran5.§tic::zns india has abused its {§s.".}t'¥':§:":§:}i'3'E pasition im the reievant market in vicsiaticm sf V section 4 0'? thé Act as izmught out abave in gsara 68.5 and 60.16, The Essue No. 3 is decided accmdingiy.

. Qrﬁer under seatisn 2?

E33..1e E have femnd that the Transéticna mdia has czmtravs-nesé the gxrevisims as? sectticzm 4{Z3}{3} {i} and settings £2} {£3} read with secticm 4{1)af the Act by abusing its dcaminant gmsitéazm in we r'e¥§:g§§3§'~market cf 4* x'°'*:«"

wastic p§"2:::ztach:'om;:: §ense3 m incha'. Because of ztgi-;%=§;3¢%:§§§ -

3.»

-age 98 :3?" mi} Cemeetitieen in the upstream and tiewnstream market has been aeéverseﬁg affected. Therefme, the Transitiens indie has faiied $0 discharge the seeciei duty which has been cast an it being 3 (imminent piayer in the market. ' 61.2. Eased on aeeve, i zieem it fit to émeese gaenemi under' semen 33:?' :3? the Act an the Transiticms indie fer the xrieéatien of Seciiee 4» 0'? the Ac': in additiee to cease and desaist order. Considermg the entire facts and circumstances es?' the case and the conduct :2'? the Treesitiemz indie, % em hf the view that the ends 0? §us'¥:ice wrrzxuizi be sewed 'sf eeeeéty at the rate of 5% en the average of 3 years' ternever' ef the Trensitiens meiia is imposed as per the s:.e¥cu§at§en ghzen beiowz Turncwer cs? 1 Year Arraeunt in ﬁweraegee ; 10% of the Perxeéw €25': R Ts'ansii:i<m5 Enziéng Rimees Tummzer average 5% of mdia March, tumczver zswerage 31 turnover 2836-C3"? 1G?,653,6-Q1 ' 2{'3{}?~i3S 1£3~?;,1§$I3','?95 V 2838439 385,62-£'.~,1'?8 ».._.

_3*e's'm. ee3§,<:e5,51s :11,e21,s?2 ':am.e2,1e?' 1,e§e,:aee 61.3. L therefere, impese e eenaétgr of Rs. 1,{)S§,1E39;'-- an T§'a::s;iﬁens mdia.

61.4. E aﬁse peas the feiiewing cease and eesjst erder : ~,,»;"""'""'"'* L The Trangitions Enﬁha sheuizfs cease and desastﬁmegm»... '~ ,-ﬁiihireﬁ 21 'K discnminatery s;zré::§ng between the meter part¥g?§r~3;,§e ..

ix ~ W, Page Q53 9%' me ii. The T'ransitians mdia shcmid cease and degist fmm irngmsing candit§0r1sA in ragarici to gsxciuswe cieaimgs with the caster partners in india.

61.5. i e:;iir'ect the Transitians india ':33 deposit the Qenaétgr amaunt within E90 days of recap: of this order. F.u:'t§':e.r, an underta§<'mg En res-peczt of cempiiance t;w.*ci1e directions given in para 61.4 should be ﬂied within 60 days 0? receipt :3? tma order.

£312. The Secretary is directed 'ta send a copy cf the ors:§:-2r to the partiea in 'terms Gfthe pr{:w§s'ion§ crafthe act and the reguiations made thereunder.

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