Procedure for grant of lesser penalty

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....s specified in the Schedule, or may contact, orally or through e-mail or fax, the designated authority for furnishing the information and evidence relating to the existence of a cartel. The designated authority shall, thereafter, within three working days, put up the matter before the Commission for its consideration. (2) The Commission shall thereupon mark the priority status of the applicant ....

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....xtended by the Commission, the applicant may forfeit its claim for priority status and consequently for the benefit of grant of lesser penalty. (5) The Commission, through its designated authority, shall provide written acknowledgement on the receipt of the application informing the priority status of the application but merely on that basis, it shall not entitle the applicant for grant of less....