Lesser penalty priority: applications must include required material, follow priority sequencing, and face forfeiture for late submissions. Procedure for grant of lesser penalty sets a priority based process: applicants must submit material information as per Schedule I or intimate availability to the designated authority, which will place the matter before the Commission within ten working days. Applications are allowed during inquiry but not after the Commission receives the investigation report. Receipt timing is determined from designated authority records. The Commission marks priority status and notifies applicants; mere marking does not guarantee lesser penalty. If only an intimation is made, a full application must follow within fifteen days or priority is forfeited. Evaluation occurs sequentially and the Commission communicates its decision.