Interest on exports : Banknet India


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Name :	Pramod Kumar Agarwal
Subject:	Interest on exports
Message :	(1) what is the rate of interest chargeable on overdue export bills? whether such penal interest is charged only for overdue period or from the date of purchase. (2) If the export bill becomes a bad debt and the exporter refunds the bill from the domestic resources what rate of interest is charged?