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% |
Last date of submission of application, for the purpose of late cut, would be taken as that extended vide Public Notice No. 67/2015-20 dated 31st March, 2020
(Above sentence has been added vide PUBLIC NOTICE NO. 67/2019, DT. 31/03/2020)
I. In MEIS applications which attracted a late cut as on 01.03.2020, the period between 01.03.2020 and 30.06.2020 shall not be counted and the last date for submission of various categories of applications attracting that late cut and the applicable cuts will he accordingly suitable redetermined.
II. For SEIS applications
a. For the services rendered in FY 2016-17, the last date of application with 10% late cut would be 30.06.2020 and after that date it would become time barred.
b. For the services rendered in the FY 2017-18, 5% late cut as was applicable on 31.03.2020, shall continue to be applicable for applications submitted till 30.06.2020, and thereafter 10% late cut would be applicable for applications submitted till 31.03.2021.
(Above has been inserted vide PUBLIC NOTICE NO. 08/2020, DT. 01/06/2020)