9.02
Late Cut
Wherever any application for any fiscal/financial benefits under FTP complete in all respects is received after expiry of last date for submission of such application, the application may be considered after imposing a late cut in the following manner:
|
i. |
Application received after the expiry of last date but within six months from the last date |
2% |
|
ii. |
Application received after six months from the prescribed date of submission but not later than one year from the prescribed date |
5% |
|
iii. |
Application received after 12 months from the prescribed date of submission but not later than 2 years from the prescribed date |
10% |