IN FORCE
Late Cut
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11.02 — 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<br>date but within six months from the last<br>date | 2% |
|---|---|---|
| ii. | Application received after six months from<br>the prescribed date of submission but not<br>later than one year from the prescribed date | 5% |
pg. 200
iii. Application received after 12 months from 10% the prescribed date of submission but not later than 2 years from the prescribed date
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