Quota allocation by algorithmic lottery: import rights distributed equally among eligible millers/refiners/traders; compliance conditions apply. Allocation for import of specified pulses is to be granted to millers, refiners, and traders via an algorithm based lottery system; applicants must file separate online ANF-2 M applications through the DGFT Import Management System, one application per IEC with IEC issued prior to the notification date. The Competent Authority will fix the number of applicants, distribute the total quota equally or as applied for, and require that consignments reach Indian ports by the end of the quota period. Importers importing less than half their allotment will be debarred from the next year's allocation; no manual applications or time extensions will be accepted.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Quota allocation by algorithmic lottery: import rights distributed equally among eligible millers/refiners/traders; compliance conditions apply.
Allocation for import of specified pulses is to be granted to millers, refiners, and traders via an algorithm based lottery system; applicants must file separate online ANF-2 M applications through the DGFT Import Management System, one application per IEC with IEC issued prior to the notification date. The Competent Authority will fix the number of applicants, distribute the total quota equally or as applied for, and require that consignments reach Indian ports by the end of the quota period. Importers importing less than half their allotment will be debarred from the next year's allocation; no manual applications or time extensions will be accepted.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.