India, July 1 -- Competition Commission of India ('CCI') has passed a final order against the Federation of Publishers' and Booksellers' Association in India ('FPBAI') and its three office-bearers for indulging in anti-competitive practices of

(i) fixation ofconversion rateshigher than usual bank/ RBI rates for importing of international journals and books by its member booksellers/ publishers which constitute the bulk of all booksellers/ publishers in the industry,

(ii) stipulating terms and conditions with respect to price, credit period, interest rates,etc.which its member booksellers/ publishers must follow while supplying books, journals and e-resources to libraries, schools and other consumers, and

(iii) issuing a list of approve...