Quotas - Definition - Law Dictionary Home Dictionary Definition quotas

Definition :

Quotas, is for the purpose of informing the licensing authority that a particular person has been recognised as an established importer for import of certain things. Thereafter, it is for the licensing authority to issue a licence to the quota-holder in accordance with the licensing policy for the half-year with which the licence deals, Joint Chief Controller of Imports and Exports, Madras v. Amichand Mutha, AIR 1966 SC 478.