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Home/Rules/CAM/Para 4.6.10

Para 4.6.10 — CAM

CAM

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Original Rule Text

4.6.10 Terms of Waiver
(i) The penal interest levied on accredited banks cannot be waived. Only the period of delay counted for calculation of penal interest can be relaxed/condoned by the Committee/CGA on case to case basis. Following are some of the cases in which period of delay can be relaxed/condoned for calculation of penal interest:

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